§ 57a-4a-105

57A-4A-105. Other definitions.(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 clearing house, or other communication system of a clearing house or other association

ncellations 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 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 (§57A-1-201(b)(8)).(b) Other definitions applying to this chapter and the sections in which they appear are:'Acceptance' §57A-4A-209'Beneficiary' §57A-4A-103'Beneficiary's bank' §57A-4A-103'Executed' §57A-4A-301'Execution date' §57A-4A-301'Funds transfer' §57A-4A-104'Funds-transfer system rule' §57A-4A-501'Intermediary bank' §57A-4A-104'Originator' §57A-4A-104'Originator's bank' §57A-4A-104'Payment by beneficiary's bank to beneficiary' §57A-4A-405'Payment by originator to beneficiary' §57A-4A-406'Payment by sender to receiving bank' §57A-4A-403'Payment date' §57A-4A-401'Payment order' §57A-4A-103'Receiving bank' §57A-4A-103'Security procedure' §57A-4A-201'Sender' §57A-4A-103(c) The following definitions in chapter 57A-4 apply to this chapter:'Clearing house' §57A-4-104'Item'

rder' §57A-4A-103'Receiving bank' §57A-4A-103'Security procedure' §57A-4A-201'Sender' §57A-4A-103(c) The following definitions in chapter 57A-4 apply to this chapter:'Clearing house' §57A-4-104'Item' §57A-4-104'Suspends payments' §57A-4-104(d) In addition chapter 57A-1 contains general definitions and principles of construction and interpretation applicable throughout this chapter. Source: SL 1991, ch 397, §1; SL 1992, ch 336, §1; SL 2008, ch 259, §37.