1. (a) In this Article:

   1. (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. (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. (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. (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. (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. (6) [Reserved.]
   7. (7) “Prove” with respect to a fact means to meet the burden of establishing the fact (Section 1-201(b)(8)).

2. (b) Other definitions applying to this Article and the sections in which they appear are:

   “Acceptance” ________________Section 4A-209

   “Beneficiary” ________________Section 4A-103

   “Beneficiary’s bank” ________________Section 4A-103

   “Executed” ________________Section 4A-301

   “Execution date” ________________Section 4A-301

   “Funds transfer” ________________Section 4A-104

   “Funds-transfer system rule” ________________Section 4A-501

   “Intermediary bank” ________________Section 4A-104

   “Originator” ________________Section 4A-104

   “Originator’s bank” ________________Section 4A-104

   “Payment by beneficiary’s bank to beneficiary” ________________Section 4A-405

   “Payment by originator to beneficiary” ________________Section 4A-406

   “Payment by sender to receiving bank” ________________Section 4A-403

   “Payment date” ________________Section 4A-401

   “Payment order” ________________Section 4A-103

   “Receiving bank” ________________Section 4A-103

   “Security procedure” ________________Section 4A-201

   “Sender” ________________Section 4A-103

3. (c) The following definitions in Article 4 apply to this Article:

   “Clearing house” ________________Section 4-104

   “Item” ________________Section 4-104

   “Suspends payments” ________________Section 4-104

4. (d) In addition Article 1 contains general definitions and principles of construction and interpretation applicable throughout this Article.

68 Del. Laws, c. 430, § 1; 74 Del. Laws, c. 332, §§ 34, 35