collectcol·lect1 /kəˈlekt/ verb [transitiveT]1BANKING collect cheques to arrange for cheques to be paidThe district banks provide a variety of services for commercial banks, including collecting and clearing cheques.
2COMMERCETAX collect debts/taxes to obtain payment of debts or taxesThe company wasn’t aggressive about collecting debts.
Russia’s public finances must be brought into order by collecting more taxes and cutting spending.