355.4A-105 Other definitions. (1) In this article: (a) (b) (c) (d) (e) (f) (g) "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; "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; "Customer" means a person, including a bank, having an account with a bank or from whom a bank has agreed to receive payment orders; "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; "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; and (Reserved) "Prove" with respect to a fact means to meet the burden of establishing the fact, as defined in KRS 355.1-201(2). (2) Other definitions applying to this article and the sections of this article in which they appear are: (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) "Acceptance." KRS 355.4A-209; "Beneficiary." KRS 355.4A-103; "Beneficiary's bank." KRS 355.4A-103; "Executed." KRS 355.4A-301; "Execution date." KRS 355.4A-301; "Funds transfer." KRS 355.4A-104; "Funds-transfer system rule." KRS 355.4A-501; "Intermediary bank." KRS 355.4A-104; "Originator." KRS 355.4A-104; "Originator's bank." KRS 355.4A-104; (k) "Payment by beneficiary's bank to beneficiary." KRS 355.4A-405; (l) "Payment by originator to beneficiary." KRS 355.4A-406; (m) "Payment by sender to receiving bank." KRS 355.4A-403; (n) (o) (p) (q) (r) "Payment date." KRS 355.4A-401; "Payment order." KRS 355.4A-103; "Receiving bank." KRS 355.4A-103; "Security procedure." KRS 355.4A-201; and "Sender." KRS 355.4A-103. (3) The following definitions in Article 4 of KRS Chapter 355 apply to this article: (a) (b) (c) "Clearing house." KRS 355.4-104; "Item." KRS 355.4-104; and "Suspends payments." KRS 355.4-104. (4) In addition, Article 1 of KRS Chapter 355 contains general definitions and principles of construction and interpretation applicable throughout this article. Effective: July 12, 2006 History: Amended 2006 Ky. Acts ch. 242, sec. 52, effective July 12, 2006. -- Created 1992 Ky. Acts ch. 116, sec. 28, effective July 14, 1992. Legislative Research Commission Note (7/12/2006). Under the authority of KRS 7.136(1), the Reviser of Statutes has added paragraph headings [(a), (b), etc.] before terms referenced in subsections (2) and (3) of this statute that are defined in other statutes. The words in the text were not changed.