(a) In this title:
(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 title.
(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) Reserved.
(7) “Prove” with respect to a fact means to meet the burden of establishing the fact (§ 1–208(b)(8)).
(b) Other definitions applying to this title and the sections in which they appear are:
“Acceptance” § 4A–209 “Beneficiary” § 4A–103 “Beneficiary’s bank” § 4A–103 “Executed” § 4A–301 “Execution date” § 4A–301 “Funds transfer” § 4A–104 “Funds–transfer system rule” § 4A–501 “Intermediary bank” § 4A–104 “Originator” § 4A–104 “Originator’s bank” § 4A–104 “Payment by beneficiary’s bank to § 4A–405 beneficiary” “Payment by originator to beneficiary” § 4A–406 “Payment by sender to receiving bank” § 4A–403 “Payment date” § 4A–401 “Payment order” § 4A–103 “Receiving bank” § 4A–103 “Security procedure” § 4A–201 “Sender” § 4A–103
(c) The following definitions in Title 4 of this article apply to this title:
“Clearing house” § 4–104 “Item” § 4–104 “Suspends payments” § 4–104
(d) In addition, Title 1 of this article contains general definitions and principles of construction and interpretation applicable throughout this title.