§ 6A-3-103 - Definitions.
SECTION 6A-3-103
§ 6A-3-103 Definitions. – (a) In this chapter:
(1) "Acceptor" means a drawee who has accepted a draft.
(2) "Drawee" means a person ordered in a draft to makepayment.
(3) "Drawer" means a person who signs or is identified in adraft as a person ordering payment.
(4) "Good faith" means honesty in fact and the observance ofreasonable commercial standards of fair dealing.
(5) "Maker" means a person who signs or is identified in anote as a person undertaking to pay.
(6) "Order" means a written instruction to pay money signedby the person giving the instruction. The instruction may be addressed to anyperson, including the person giving the instruction, or to one or more personsjointly or in the alternative but not in succession. An authorization to pay isnot an order unless the person authorized to pay is also instructed to pay.
(7) "Ordinary care" in the case of a person engaged inbusiness means observance of reasonable commercial standards, prevailing in thearea in which the person is located, with respect to the business in which theperson is engaged. In the case of a bank that takes an instrument forprocessing for collection or payment by automated means, reasonable commercialstandards do not require the bank to examine the instrument if the failure toexamine does not violate the bank's prescribed procedures and the bank'sprocedures do not vary unreasonably from general banking usage not disapprovedby this chapter or chapter 4 of this title.
(8) "Party" means a party to an instrument.
(9) "Promise" means a written undertaking to pay money signedby the person undertaking to pay. An acknowledgment of an obligation by theobligor is not a promise unless the obligor also undertakes to pay theobligation.
(10) "Prove" with respect to a fact means to meet the burdenof establishing the fact (§ 6A-1-201(8)).
(11) "Remitter" means a person who purchases an instrumentfrom its issuer if the instrument is payable to an identified person other thanthe purchaser.
(b) Other definitions applying to this chapter and thesections in which they appear are:
"Acceptance" § 6A-3-409
"Accommodated party" § 6A-3-419
"Accommodation party" § 6A-3-419
"Alteration" § 6A-3-407
"Anomalous indorsement § 6A-3-205
"Blank indorsement § 6A-3-205
"Cashier's check" § 6A-3-104
"Certificate of deposit" § 6A-3-104
"Certified check" § 6A-3-409
"Check" § 6A-3-104
"Consideration" § 6A-3-303
"Draft" § 6A-3-104
"Holder in due course" § 6A-3-302
"Incomplete instrument" § 6A-3-115
"Indorsement" § 6A-3-204
"Indorser § 6A-3-204
"Instrument" § 6A-3-104
"Issue" § 6A-3-105
"Issuer" § 6A-3-105
"Negotiable instrument" § 6A-3-104
"Negotiation" § 6A-3-201
"Note" § 6A-3-104
"Payable at a definite time" § 6A-3-108
"Payable on demand § 6A-3-108
"Payable to bearer" § 6A-3-109
"Payable to order" § 6A-3-109
"Payment" § 6A-3-602
"Person entitled to enforce" § 6A-3-301
"Presentment" § 6A-3-501
"Reacquisition" § 6A-3-207
"Special indorsement § 6A-3-205
"Teller's check" § 6A-3-104
"Transfer of instrument" § 6A-3-203
Traveler's check" § 6A-3-104
"Value" § 6A-3-303
(c) The following definitions in other chapters apply to thischapter:
"Bank" § 6A-4-105
"Banking day" § 6A-4-104
"Clearing house" § 6A-4-104
"Collecting bank" § 6A-4-105
"Depositary bank" § 6A-4-105
"Documentary draft" § 6A-4-104
"Intermediary bank" § 6A-4-105
"Item" § 6A-4-104
"Payor bank" § 6A-4-105
"Suspends payments" § 6A-4-104
(d) In addition, chapter 1 of this title contains generaldefinitions and principles of construction and interpretation applicablethroughout this chapter.