Vermont § 104 - § 4A—104.

§ 104. § 4A—104.

• Funds transfer—definitions In this article: (a) “Funds transfer” means the series of transactions, beginning with the originator’s
  payment order, made for the purpose of making payment to the beneficiary of the order.
  The term includes any payment order issued by the originator’s bank or an intermediary
  bank intended to carry out the originator’s payment order. A funds transfer is completed
  by acceptance by the beneficiary’s bank of a payment order for the benefit of the
  beneficiary of the originator’s payment order. (b) “Intermediary bank” means a receiving bank other than the originator’s bank or the
  beneficiary’s bank. (c) “Originator” means the sender of the first payment order in a funds transfer. (d) “Originator’s bank” means (i) the receiving bank to which the payment order of the
  originator is issued if the originator is not a bank, or (ii) the originator if the
  originator is a bank. (Added 1993, No. 158 (Adj. Sess.), § 14, eff. Jan. 1, 1995.)