Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2025 | Updated by Findlaw Staff
(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.
(6) “Prove” with respect to a fact means to meet the burden of establishing the fact.
(b) Other definitions applying to this article and the section in which they appear are:
|
“Acceptance” |
Section 42a-4A-209 |
|
“Beneficiary” |
Section 42a-4A-103 |
|
“Beneficiary's bank” |
Section 42a-4A-103 |
|
“Executed” |
Section 42a-4A-301 |
|
“Execution date” |
Section 42a-4A-301 |
|
“Funds transfer” |
Section 42a-4A-104 |
|
“Funds-transfer system rule” |
Section 42a-4A-501 |
|
“Intermediary bank” |
Section 42a-4A-104 |
|
“Originator” |
Section 42a-4A-104 |
|
“Originator's bank” |
Section 42a-4A-104 |
|
“Payment by beneficiary's bank to beneficiary” |
Section 42a-4A-405 |
|
“Payment by originator to beneficiary” |
Section 42a-4A-406 |
|
“Payment by sender to receiving bank” |
Section 42a-4A-403 |
|
“Payment date” |
Section 42a-4A-401 |
|
“Payment order” |
Section 42a-4A-103 |
|
“Receiving bank” |
Section 42a-4A-103 |
|
“Security procedure” |
Section 42a-4A-201 |
|
“Sender” |
Section 42a-4A-103 |
(c) The following definitions in article 4 apply to this article:
|
“Clearing house” |
Section 42a-4-104 |
|
“Item” |
Section 42a-4-104 |
|
“Suspends payments” |
Section 42a-4-104 |
(d) In addition, article 1 contains general definitions and principles of construction and interpretation applicable throughout this article.
Cite this article: FindLaw.com - Connecticut General Statutes Title 42A. Uniform Commercial Code § 42a-4A-105 § 42a-4A-105. Other definitions - last updated January 01, 2025 | https://codes.findlaw.com/ct/title-42a-uniform-commercial-code/ct-gen-st-sect-42a-4a-105/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)