Section 4A-105 - Other 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 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.(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: | |
| "Acceptance" | Section 4A-209 |
| "Beneficiary" | Section 4A-103 |
| "Beneficiary's bank" | Section 4A-103 |
| "Executed" | Section 4A-301 |
| "Execution date" | Section 4A-301 |
| "Funds transfer" | Section 4A-104 |
| "Funds-transfer system rule" | Section 4A-501 |
| "Intermediary bank" | Section 4A-104 |
| "Originator" | Section 4A-104 |
| "Originator's bank" | Section 4A-104 |
| "Payment by beneficiary's bank to beneficiary" | Section 4A-405 |
| "Payment by originator to beneficiary" | Section 4A-406 |
| "Payment by sender to receiving bank" | Section 4A-403 |
| "Payment date" | Section 4A-401 |
| "Payment order" | Section 4A-103 |
| "Receiving bank" | Section 4A-103 |
| "Security procedure" | Section 4A-201 |
| "Sender" | Section 4A-103 |
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(c)The following definitions in Article 4 apply to this Article: | "Clearing house" | Section 4-104 |
| "Item" | Section 4-104 |
| "Suspends payments" | Section 4-104 |
(d) In addition Article 1 contains general definitions and principles of construction and interpretation applicable throughout this Article.68 Del. Laws, c. 430, §1; 74 Del. Laws, c. 332, §§ 34, 35.;