“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).
The following definitions in Article 4 apply to this Article:[Text not available]“Clearing house.” NRS 104.4104.“Item.” NRS 104.4104.“Suspends payments.” NRS 104.4104.[Text not available]
4.
In addition Article 1 contains general definitions and principles of construction and interpretation applicable throughout this Article.