collect

collect
▪ I. collect col‧lect 1 [kəˈlekt] verb [transitive]
1. BANKING collect cheques to arrange for cheques to be paid:

• The district banks provide a variety of services for commercial banks, including collecting and clearing cheques.

2. COMMERCE TAX collect debts/​taxes to obtain payment of debts or taxes:

• The company wasn't aggressive about collecting debts.

• Russia's public finances must be brought into order by collecting more taxes and cutting spending.

  [m0] ▪ II. collect collect 2 adverb
call/​phone somebody collect when you telephone someone collect, the person receiving the call pays for it:

• Calling the US is very expensive from here - better to call collect.

* * *

Ⅰ.
collect UK US /kəˈlekt/ verb
► [T] to buy and keep a particular type of thing as a hobby or an investment: »

She mostly collects American art.

► [T] to bring information together from different places: collect information/data/evidence »

Market research companies collect data on consumers' preferences.

► [T] FINANCE to ask for and get money that is owed: collect debts/fees/payments/taxes »

Collecting taxes on services is tricky, and e-commerce can only make it harder.

 collect revenue/rent »

Why not buy a property and collect the rent yourself?

► [I or T] FINANCE to receive a payment that you have a right to have: collect insurance/a pension/social security »

Employees with more than 20 years service can collect a full pension.

 collect on insurance/an investment »

When he died, she collected on his life insurance.

► [T] BANKING to arrange for the amount written on a cheque to be paid out of a bank account: »

When a bank clerk indorses a check, the bank collecting the check guarantees that the indorsement is genuine.

Ⅱ.
collect UK US /kəˈlekt/ adjective, adverb US
► COMMUNICATIONS if someone phones collect or makes a collect phone call, the person they phone pays for the call: »

Computer-based phone dialing equipment makes it possible to place a collect call without using an operator.


Financial and business terms. 2012.

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Synonyms:
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Look at other dictionaries:

  • Collect — • The name now used only for short prayers before the Epistle in the Mass, which occur again at Lauds, Terce, Sext, None, and Vespers Catholic Encyclopedia. Kevin Knight. 2006. Collect     Collect …   Catholic encyclopedia

  • collect — I (gather) verb accumulate, acquire, add to, aggregate, amalgamate, amass, assemble, bring to a common center, bring to a point of union, bring together, compile, concentrate, conferre, congerere, conglomerate, consolidate, convene, convocare,… …   Law dictionary

  • Collect — Col*lect (k[o^]l*l[e^]kt ), v. t. [imp. & p. p. {Collected}; p. pr. & vb. n. {Collecting}.] [L. collecrus, p. p. of collerige to bind together; col + legere to gather: cf. OF. collecter. See {Legend}, and cf. {Coil}, v. t., {Cull}, v. t.] 1. To… …   The Collaborative International Dictionary of English

  • collect — collect1 [kə lekt′] vt. [ME collecten < OFr collecter < L collectus: see COLLECT2] 1. to gather together; assemble 2. to gather (stamps, books, etc.) as a hobby 3. to call for and receive (money) for (rent, a fund, taxes, bills, etc.) 4. to …   English World dictionary

  • Collect — Col lect, n. [LL. collecta, fr. L. collecta a collection in money; an assemblage, fr. collerige: cf. F. collecte. See {Collect}, v. t.] A short, comprehensive prayer, adapted to a particular day, occasion, or condition, and forming part of a… …   The Collaborative International Dictionary of English

  • collect — Ⅰ. collect [1] ► VERB 1) bring or gather together. 2) systematically acquire (items of a particular kind) as a hobby. 3) call for and take away; fetch. 4) call for and receive as a right or due. 5) (collect oneself) regain control of onese …   English terms dictionary

  • Collect — Col*lect , v. i. 1. To assemble together; as, the people collected in a crowd; to accumulate; as, snow collects in banks. [1913 Webster] 2. To infer; to conclude. [Archaic] [1913 Webster] Whence some collect that the former word imports a… …   The Collaborative International Dictionary of English

  • collect — (v.) early 15c. (trans.), from O.Fr. collecter to collect (late 14c.), from L. collectus, pp. of colligere gather together, from com together (see COM (Cf. com )) + legere to gather (see LECTURE (Cf. lecture) (n.)). The intransitive sense is… …   Etymology dictionary

  • collect — [v1] accumulate, come together aggregate, amass, array, assemble, cluster, compile, congregate, congress, convene, converge, convoke, corral, flock, flock together, gather, get hold of, group, heap, hoard, muster, rally, rendezvous, round up,… …   New thesaurus

  • collect — *gather, assemble, congregate Analogous words: mass, *heap, pile: *accumulate, amass, hoard: consolidate, concentrate, *compact Antonyms: disperse: distribute Contrasted words: *scatter, dissipate, dispel: dispense, divide, deal, dole (see …   New Dictionary of Synonyms

  • collect — To pick up mail from collection boxes or customers …   Glossary of postal terms

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