§ 62a-4a-105

RCW 62A.4A-105Other definitions.(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 clearinghouse, or other communication system of a clearinghouse or other

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 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 (RCW 62A.1-201(b)(8)).(b) Other definitions applying to this Article and the sections in which they appear are: 'Acceptance'RCW 62A.4A-209 'Beneficiary'RCW 62A.4A-103 'Beneficiary's bank'RCW 62A.4A-103 'Executed'RCW 62A.4A-301 'Execution date'RCW 62A.4A-301 'Funds transfer'RCW 62A.4A-104 'Funds-transfer system rule'RCW 62A.4A-501 'Intermediary bank'RCW 62A.4A-104 'Originator'RCW 62A.4A-104 'Originator's bank'RCW 62A.4A-104 'Payment by beneficiary's bank to beneficiary'RCW 62A.4A-405 'Payment by originator to beneficiary'RCW 62A.4A-406 'Payment by sender to receiving bank'RCW 62A.4A-403 'Payment date'RCW 62A.4A-401 'Payment order'RCW 62A.4A-103 'Receiving bank'RCW 62A.4A-103 'Security procedure'RCW 62A.4A-201 'Sender'RCW 62A.4A-103(c) The following definitions in

bank'RCW 62A.4A-403 'Payment date'RCW 62A.4A-401 'Payment order'RCW 62A.4A-103 'Receiving bank'RCW 62A.4A-103 'Security procedure'RCW 62A.4A-201 'Sender'RCW 62A.4A-103(c) The following definitions in Article 4 (RCW 62A.4-101 through 62A.4-504) apply to this Article: 'Clearinghouse'RCW 62A.4-104 'Item'RCW 62A.4-104 'Suspends payments'RCW 62A.4-104(d) In addition, Article 1 contains general definitions and principles of construction and interpretation applicable throughout this Article.[ 2013 c 118 s 4; 2012 c 214 s 1201; 1991 sp.s. c 21 s 4A-105.]NOTES:Application—Savings—2012 c 214: See notes following RCW 62A.1-101.