What is For Collection?

Legal Definition
A form of endorsement on a note or check where it is not intended to transfer title to it or to give it credit or currency, but merely to authorize the transferee to collect the amount of it. Central R. Co. v. Bank, 73 Ga. 383; Sweeny v. Easter, 1 Wall. 166, 17 I. Eld. 681; Freiberg v. Stoddard, 161 Pa. 259, 28 Atl. 1111.
-- Black's Law Dictionary