(a) In
this Article, unless the context otherwise requires:
(1) "Account" means any deposit or credit account with a
bank, including a demand, time, savings, passbook, share draft,
or like account, other than an account evidenced by a certificate
of deposit;
(2) "Afternoon" means the period of a day between noon and
midnight;
(3) "Banking day" means the part of a day on which a bank is
open to the public for carrying on substantially all of its
banking functions, except that it shall not include a Saturday,
Sunday, or legal holiday;
(4) "Clearing house" means an association of banks or other
payors regularly clearing items;
(5) "Customer" means a person having an account with a bank
or for whom a bank has agreed to collect items, including a bank
that maintains an account at another bank;
(6) "Documentary draft" means a draft to be presented for
acceptance or payment if specified documents, certificated
securities (RCW 62A.8-102) or instructions for uncertificated
securities (RCW 62A.8-102), or other certificates, statements, or
the like are to be received by the drawee or other payor before
acceptance or payment of the draft;
(7) "Draft" means a draft as defined in RCW 62A.3-104 or an
item, other than an instrument, that is an order;
(8) "Drawee" means a person ordered in a draft to make
payment;
(9) "Item" means an instrument or a promise or order to pay
money handled by a bank for collection or payment. The term does
not include a payment order governed by Article 4A or a credit or
debit card slip;
(10) "Midnight deadline" with respect to a bank is midnight
on its next banking day following the banking day on which it
receives the relevant item or notice or from which the time for
taking action commences to run, whichever is later;
(11) "Settle" means to pay in cash, by clearing-house
settlement, in a charge or credit or by remittance, or otherwise
as agreed. A settlement may be either provisional or final;
(12) "Suspends payments" with respect to a bank means that
it has been closed by order of the supervisory authorities, that
a public officer has been appointed to take it over or that it
ceases or refuses to make payments in the ordinary course of
business.
(b) Other definitions applying to this Article and the
sections in which they appear are:
| "Agreement for electronic presentment" | RCW 62A.4-110. | |
| "Bank" | RCW 62A.4-105. | |
| "Collecting bank" | RCW 62A.4-105. | |
| "Depositary bank" | RCW 62A.4-105. | |
| "Intermediary bank" | RCW 62A.4-105. | |
| "Payor bank" | RCW 62A.4-105. | |
| "Presenting bank" | RCW 62A.4-105. | |
| "Presentment notice" | RCW 62A.4-110. |
| "Acceptance" | RCW 62A.3-409. | |
| "Alteration" | RCW 62A.3-407. | |
| "Cashier's check" | RCW 62A.3-104. | |
| "Certificate of deposit" | RCW 62A.3-104. | |
| "Certified check" | RCW 62A.3-409. | |
| "Check" | RCW 62A.3-104. | |
| "Draft" | RCW 62A.3-104. | |
| "Good faith" | RCW 62A.3-103. | |
| "Holder in due course" | RCW 62A.3-302. | |
| "Instrument" | RCW 62A.3-104. | |
| "Notice of dishonor" | RCW 62A.3-503. | |
| "Order" | RCW 62A.3-103. | |
| "Ordinary care" | RCW 62A.3-103. | |
| "Person entitled to enforce" | RCW 62A.3-301. | |
| "Presentment" | RCW 62A.3-501. | |
| "Promise" | RCW 62A.3-103. | |
| "Prove" | RCW 62A.3-103. | |
| "Teller's check" | RCW 62A.3-104. | |
| "Unauthorized signature" | RCW 62A.3-403. |
[1995 c 48 § 56; 1993 c 229 § 80; 1981 c 122 § 1; 1965 ex.s. c 157 § 4-104. Cf. former RCW 30.52.010; 1955 c 33 § 30.52.010; prior: 1929 c 203 § 1; RRS § 3292-1.]
NOTES:
Savings -- 1995 c 48: See RCW 62A.8-601.
Effective date -- 1995 c 48: See RCW 62A.11-113.
Recovery of attorneys' fees -- Effective date -- 1993 c 229: See RCW 62A.11-111 and 62A.11-112.
Construction -- 1981 c 122: "Nothing in this 1981 amendatory act shall be construed to preclude any bank from being open to the public for carrying on its banking functions on Saturdays or Sundays." [1981 c 122 § 2.] "this 1981 amendatory act" consists of the 1981 amendment to RCW 62A.4-104.