§ 4-4a-105

(a) In this Chapter:(1) 'Authorized account' means a deposit account of a customer in a bank designated by the customer as a source of payment of payment orders issued by the customer to the bank. If a customer does not so designate an account, any account of the customer is an authorized account if payment of a payment order from that account is not inconsistent with a restriction on the use of that account.(2) 'Bank' means a person engaged in the business of banking and includes a savings bank, savings and loan association, credit union, and trust company. A branch or separate office of a bank is a separate bank for purposes of this chapter.(3) 'Customer' means a person, including a bank, having an account with a bank or from whom a bank has agreed to receive payment orders.(4) 'Funds-transfer business day' of a receiving bank means the part of a day during which the receiving bank is open for the receipt, processing, and transmittal of payment orders and cancellations and amendments of payment orders.(5) 'Funds-transfer system' means a wire transfer network, automated clearinghouse, or other communication system of a clearinghouse or other association of banks through which a

ts of payment orders.(5) 'Funds-transfer system' means a wire transfer network, automated clearinghouse, or other communication system of a clearinghouse or other association of banks through which a payment order by a bank may be transmitted to the bank to which the order is addressed.(6) [Reserved.](7) 'Prove' with respect to a fact means to meet the burden of establishing the fact (§ 4-1-201(b)(8)).(b) Other definitions applying to this chapter and the sections in which they appear are: 'Acceptance'. Section 4-4A-209.'Beneficiary'. Section 4-4A-103.'Beneficiary's bank'. Section 4-4A-103.'Executed'. Section 4-4A-301.'Execution date'. Section 4-4A-301.'Funds transfer'. Section 4-4A-104.'Funds-transfer system rule'. Section 4-4A-501.'Intermediary bank'. Section 4-4A-104.'Originator'. Section 4-4A-104.'Originator's bank'. Section 4-4A-104.'Payment by beneficiary's bank to beneficiary'. Section 4-4A-405.'Payment by originator to beneficiary'. Section 4-4A-406.'Payment by sender to receiving bank'. Section 4-4A-403.'Payment date'. Section 4-4A-401.'Payment order'. Section 4-4A-103.'Receiving bank'. Section 4-4A-103.'Security procedure'. Section 4-4A-201.'Sender'.

t by sender to receiving bank'. Section 4-4A-403.'Payment date'. Section 4-4A-401.'Payment order'. Section 4-4A-103.'Receiving bank'. Section 4-4A-103.'Security procedure'. Section 4-4A-201.'Sender'. Section 4-4A-103.(c) The following definitions in Chapter 4 apply to this chapter: 'Clearinghouse'. Section 4-4-104.'Item'. Section 4-4-104.'Suspends payments'. Section 4-4-104.(d) In addition Chapter 1 of this title contains general definitions and principles of construction and interpretation applicable throughout this chapter.Acts 1991, No. 540, § 1; 2005, No. 856, § 51.