collection

/kəˈlekʃən/ noun

Definition

› [C or U] the act or job of taking something away from a place: We will inform you when your goods are ready for collection.refuse/waste collection Which public authority is responsible for waste collection?

› [C or U] FINANCE the activity of collecting money that is owed, or the money collected: debt/rent/tax collection Last week, the state reported that tax collections are up 11.5% for this fiscal year. I get involved with finance and rent collection.

› [C or U] BANKING the act of arranging for the amount written on a cheque to be paid out of a bank account: The Federal Reserve Banks provide check collection services to depository institutions.

› [U] the process of bringing information together from different places: We make software and bar-code products for data collection.

› [C] a group of objects that someone has collected as a hobby or investment: an antiques/book/coin, etc. collection

→ See also documentary collection

(Definition of collection noun from the Cambridge Business English Dictionary © Cambridge University Press)