### Question
How is the "forward collection" defined?


### Answer
The term **forward collection** is defined in *12 U.S.C. § 5002* as follows -

> the transfer by a bank of a check to a collecting bank for settlement or the paying bank for payment

#### Citation:
  - *12 U.S.C. § 5002*
  - Heading: **CHAPTER 50-CHECK TRUNCATION**

