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TeachMeFinance.com - explain collection asset collection asset 'collection asset' is an military term meaning '(DOD) A collection system, platform, or capability that is supporting, assigned, or attached to a particular commander. See also capability; collection'. Previous 5 Terms: collate_ collate collateral damage- collection collection agency - Next 5 Terms: collection management- collection management authority collection manager - collection operations management collection plan Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.