Title 11, Chapter 4A, Section 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
(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
(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
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.
(7) "Prove" with respect to a fact means to meet the burden of establishing the fact (Code Section 11-1-201(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.
"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
"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.