The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

CLEAN COLLECTION Definition & Legal Meaning

Definition & Citations:

Documented collection of only the financial document that is processed through the banks without a bill of lading and/or other shipping documents, typically the draft or a bill of exchange. These are sent separately by the consignor to the consignee. Used typically in open account agreements. Clean collection releases a consignee to take delivery of the shipment without paying and without making a firm commitment to pay on a fixed date.


This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.