§ 46-4a-ndash-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) 'Banker' 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

s 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 (section 1–201(b)(8)).(b) Other definitions applying to this article and the sections in which they appear are:(1) 'Acceptance', §46-4A-209.(2) 'Beneficiary', §46-4A-103.(3) 'Beneficiary's bank', §46-4A-103.(4) 'Executed', §46-4A-301.(5) 'Execution date', §46-4A-301.(6) 'Funds transfer', §46-4A-104.(7) 'Funds-transfer system rule', §46-4A-501.(8) 'Intermediary bank', §46-4A-104.(9) 'Originator', §46-4A-104.(10) 'Originator's bank', §46-4A-104.(11) 'Payment by beneficiary's bank to beneficiary', §46-4A-405.(12) 'Payment by originator to beneficiary', §46-4A-406.(13) 'Payment by sender to receiving bank', §46-4A-403.(14) 'Payment date', §46-4A-401.(15) 'Payment order', §46-4A-103.(16) 'Receiving bank', §46-4A-103.(17) 'Security procedure', §46-4A-201.(18) 'Sender', §46-4A-103.(c) The following

bank', §46-4A-403.(14) 'Payment date', §46-4A-401.(15) 'Payment order', §46-4A-103.(16) 'Receiving bank', §46-4A-103.(17) 'Security procedure', §46-4A-201.(18) 'Sender', §46-4A-103.(c) The following definitions in article four of this chapter apply to this article:(1) 'Clearing house', §46-4-104.(2) 'Item', §46-4-104.(3) 'Suspends payments', §46-4-104.(d) In addition, article one of this chapter contains general definitions and principles of construction and interpretation applicable throughout this article.