§ 11-4a-105

(a) In this article:(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 article.(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 clearing house, or other communication system of a clearing house or other association of banks through which a

of payment orders.(5) 'Funds-transfer system' means a wire transfer network, automated clearing house, or other communication system of a clearing house 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 (Code Section 11-1-201(b)(8)).(b) Other definitions applying to this article and the Code sections in which they appear are: 'Acceptance.' Code Section 11-4A-209.'Beneficiary.' Code Section 11-4A-103. 'Beneficiary's bank.' Code Section 11-4A-103. 'Executed.' Code Section 11-4A-301. 'Execution date.' Code Section 11-4A-301. 'Funds transfer.' Code Section 11-4A-104. 'Funds-transfer system rule.' Code Section 11-4A-501. 'Intermediary bank.' Code Section 11-4A-104. 'Originator.' Code Section 11-4A-104. 'Originator's bank.' Code Section 11-4A-104.'Payment by beneficiary's bank to beneficiary.' Code Section 11-4A-405. 'Payment by originator to beneficiary.' Code Section 11-4A-406. 'Payment by sender to receiving bank.' Code Section 11-4A-403. 'Payment date.' Code Section 11-4A-401.

iciary.' Code Section 11-4A-405. 'Payment by originator to beneficiary.' Code Section 11-4A-406. 'Payment by sender to receiving bank.' Code Section 11-4A-403. 'Payment date.' Code Section 11-4A-401. 'Payment order.' Code Section 11-4A-103. 'Receiving bank.' Code Section 11-4A-103.'Security procedure.' Code Section 11-4A-201.'Sender.' Code Section 11-4A-103.(c) The following definitions in Article 4 of this title apply to this article: 'Clearing house.' Code Section 11-4-104.'Item.' Code Section 11-4-104.'Suspends payments.' Code Section 11-4-104.(d) In addition Article 1 of this title contains general definitions and principles of construction and interpretation applicable throughout this article.Amended by 2015 Ga. Laws 167,§ 3B-13, eff. 1/1/2016.