Nevada § 104A.4105 - Other definitions

§ 104A.4105. Other definitions

1. In this Article: (a) “ 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. (b) “ 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. (c) “ Customer ” means a person, including a bank, having an account with a bank or from whom a bank

has agreed to receive payment orders. (d) “ 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. (e) “ 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. (f) “ Prove ” with respect to a fact means to meet the burden of establishing the fact (paragraph

(h) of subsection 2 of NRS 104.1201 ). 2. Other definitions applying to this Article and the sections in which they appear

are: “Acceptance.” NRS 104A.4209 . “Beneficiary.” NRS 104A.4103 . “Beneficiary's bank.” NRS 104A.4103 . “Executed.” NRS 104A.4301 . “Execution date.” NRS 104A.4301 . “Funds transfer.” NRS 104A.4104 . “Funds-transfer system rule.” NRS 104A.4501 . “Intermediary bank.” NRS 104A.4104 . “Originator.” NRS 104A.4104 . “Originator's bank.” NRS 104A.4104 . “Payment by beneficiary's bank to beneficiary.” NRS 104A.4405 . “Payment by originator to beneficiary.” NRS 104A.4406 . “Payment by sender to receiving bank.” NRS 104A.4403 . “Payment date.” NRS 104A.4401 . “Payment order.” NRS 104A.4103 . “Receiving bank.” NRS 104A.4103 . “Security procedure.” NRS 104A.4201 . “Sender.” NRS 104A.4103 . 3. The following definitions in Article 4 apply to this Article: “Clearing house.” NRS 104.4104 . “Item.” NRS 104.4104 . “Suspends payments.” NRS 104.4104 . 4. In addition Article 1 contains general definitions and principles of construction

and interpretation applicable throughout this Article.