Collection item

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Collection item is a banking term for an item presented for deposit, such as a check, that cannot be credited to a depositor's account until payment has been received from the payor bank or from a government treasurer. This is in contrast to a "cash item".

Examples include:

bad checks that are returned to a depositing bank,
government issued warrants that are presented to a government treasurer for payment,
a draft issued in one country and drawn on a bank in another country,
an item that cannot be credited to a customer's account until a guarantee of funds is received from another bank.