(a) In this Chapter: 
(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) “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 chapter. 
(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) “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) “Funds-transfer system” means a wire transfer network, automated clearinghouse, or other communication system of a clearinghouse 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) [Reserved.] 
(7) “Prove” with respect to a fact means to meet the burden of establishing the fact (§ 4-1-201(b)(8)). 
(b) Other definitions applying to this chapter and the sections in which they appear are: 
(c) The following definitions in Chapter 4 apply to this chapter: 
(d) In addition Chapter 1 of this title contains general definitions and principles of construction and interpretation applicable throughout this chapter. 
 “Acceptance”. Section 4-4A-209. 
 “Beneficiary”. Section 4-4A-103. 
 “Beneficiary's bank”. Section 4-4A-103. 
 “Executed”. Section 4-4A-301. 
 “Execution date”. Section 4-4A-301. 
 “Funds transfer”. Section 4-4A-104. 
 “Funds-transfer system rule”. Section 4-4A-501. 
 “Intermediary bank”. Section 4-4A-104. 
 “Originator”. Section 4-4A-104. 
 “Originator's bank”. Section 4-4A-104. 
 “Payment by beneficiary's bank to beneficiary”. Section 4-4A-405. 
 “Payment by originator to beneficiary”. Section 4-4A-406. 
 “Payment by sender to receiving bank”. Section 4-4A-403. 
 “Payment date”. Section 4-4A-401. 
 “Payment order”. Section 4-4A-103. 
 “Receiving bank”. Section 4-4A-103. 
 “Security procedure”. Section 4-4A-201. 
 “Sender”. Section 4-4A-103. 
 “Clearinghouse”. Section 4-4-104. 
 “Item”. Section 4-4-104. 
 “Suspends payments”. Section 4-4-104.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 1 - Uniform Commercial Code
Part 1 - Subject Matter and Definitions
§ 4-4A-103. Payment order — Definitions
§ 4-4A-104. Funds transfer — Definitions
§ 4-4A-106. Time payment order is received
§ 4-4A-107. Federal Reserve regulations and operating circulars