Definition of For collection
A form of indorsement 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. Such an indorsement is restrictive. U.C.C. § 3-205(c).
That's the definition of For collection in Black's Law Dictionary 6th Edition. Courtesy of Cekhukum.com.