§ 47-4a-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) 'Good faith' means honesty in fact and the observance of reasonable commercial standards of fair dealing; and(7) 'Prove' with respect to a fact means to meet the burden of establishing the fact (§ 47-1-201(b)(8)).(b) Other definitions applying to this chapter and the sections in which they appear are: 'Acceptance' § 47-4A-209'Beneficiary' § 47-4A-103'Beneficiary's bank' § 47-4A-103'Executed'§ 47-4A-301'Execution date' § 47-4A-301'Funds transfer' § 47-4A-104'Funds-transfer system rule' § 47-4A-501'Intermediary bank' § 47-4A-104'Originator' § 47-4A-104'Originator's bank' § 47-4A-104'Payment by beneficiary's bank to beneficiary' § 47-4A-405'Payment by originator to beneficiary' § 47-4A-406'Payment by sender to receiving bank' § 47-4A-403'Payment date' § 47-4A-401'Payment order' § 47-4A-103'Receiving bank' § 47-4A-103'Security procedure' § 47-4A-201'Sender' § 47-4A-103(c) The following definitions

sender to receiving bank' § 47-4A-403'Payment date' § 47-4A-401'Payment order' § 47-4A-103'Receiving bank' § 47-4A-103'Security procedure' § 47-4A-201'Sender' § 47-4A-103(c) The following definitions in chapter 4 of this title apply to this chapter: 'Clearinghouse' § 47-4-104'Item' § 47-4-104'Suspends payments' § 47-4-104(d) In addition, chapter 1 of this title contains general definitions and principles of construction and interpretation applicable throughout this chapter.Acts 1991, ch. 52, § 1; 2008 , ch. 930, § 10.