Nevada Revised Statutes
Chapter 104A - Uniform Commercial Code — Additional Articles
NRS 104A.4105 - Other definitions.


1. In this Article:
(a) "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).
2. Other definitions applying to this Article and the sections in which they appear are:
"Acceptance." NRS 104A.4209.
"Beneficiary." NRS 104A.4103.
"Beneficiary’s bank." NRS 104A.4103.
"Executed." NRS 104A.4301.
"Execution date." NRS 104A.4301.
"Funds transfer." NRS 104A.4104.
"Funds-transfer system rule." NRS 104A.4501.
"Intermediary bank." NRS 104A.4104.
"Originator." NRS 104A.4104.
"Originator’s bank." NRS 104A.4104.
"Payment by beneficiary’s bank to beneficiary." NRS 104A.4405.
"Payment by originator to beneficiary." NRS 104A.4406.
"Payment by sender to receiving bank." NRS 104A.4403.
"Payment date." NRS 104A.4401.
"Payment order." NRS 104A.4103.
"Receiving bank." NRS 104A.4103.
"Security procedure." NRS 104A.4201.
"Sender." NRS 104A.4103.
3. The following definitions in Article 4 apply to this Article:
"Clearing house." NRS 104.4104.
"Item." NRS 104.4104.
"Suspends payments." NRS 104.4104.
4. In addition Article 1 contains general definitions and principles of construction and interpretation applicable throughout this Article.
(Added to NRS by 1991, 431; A 2005, 883)

Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 104A - Uniform Commercial Code — Additional Articles

NRS 104A.010 - Applicability of and references to Uniform Commercial Code.

NRS 104A.200 - Law applicable to transactions entered into before January 1, 1990.

NRS 104A.2101 - Short title.

NRS 104A.2102 - Scope.

NRS 104A.2103 - Definitions and index of definitions.

NRS 104A.2104 - Leases subject to other law.

NRS 104A.2105 - Territorial application of article to goods covered by certificate of title.

NRS 104A.2106 - Limitation on power of parties to consumer lease to choose applicable law and judicial forum.

NRS 104A.2107 - Waiver or renunciation of claim or right after default.

NRS 104A.2108 - Unconscionability.

NRS 104A.2109 - Option to accelerate at will.

NRS 104A.2201 - Statute of frauds.

NRS 104A.2202 - Final written expression: Parol or extrinsic evidence.

NRS 104A.2203 - Seals inoperative.

NRS 104A.2204 - Formation in general.

NRS 104A.2205 - Firm offers.

NRS 104A.2206 - Offer and acceptance in formation of lease contract.

NRS 104A.2208 - Modification, rescission and waiver.

NRS 104A.2209 - Lessee under finance lease as beneficiary of supply contract.

NRS 104A.2210 - Express warranties.

NRS 104A.2211 - Warranties against interference and against infringement; lessee’s obligation against infringement.

NRS 104A.2212 - Implied warranty of merchantability.

NRS 104A.2213 - Implied warranty of fitness for particular purpose.

NRS 104A.2214 - Exclusion or modification of warranties.

NRS 104A.2215 - Cumulation and conflict of warranties express or implied.

NRS 104A.2216 - Third-party beneficiaries of express and implied warranties.

NRS 104A.2217 - Identification.

NRS 104A.2218 - Insurance and proceeds.

NRS 104A.2219 - Risk of loss.

NRS 104A.2220 - Effect of default on risk of loss.

NRS 104A.2221 - Casualty to identified goods.

NRS 104A.2301 - Enforceability of lease contract.

NRS 104A.2302 - Title to and possession of goods.

NRS 104A.2303 - Alienability of party’s interest under lease contract or of lessor’s residual interest in goods; delegation of performance; transfer of rights.

NRS 104A.2304 - Subsequent lease of goods by lessor.

NRS 104A.2305 - Sale or sublease of goods by lessee.

NRS 104A.2306 - Priority of certain liens arising by operation of law.

NRS 104A.2307 - Priority of liens arising by attachment or levy on, security interests in and other claims to goods.

NRS 104A.2308 - Special rights of creditors.

NRS 104A.2309 - Lessor’s and lessee’s rights when goods become fixtures.

NRS 104A.2310 - Lessor’s and lessee’s rights when goods become accessions.

NRS 104A.2311 - Priority subject to subordination.

NRS 104A.2401 - Insecurity: Adequate assurance of performance.

NRS 104A.2402 - Anticipatory repudiation.

NRS 104A.2403 - Retraction of anticipatory repudiation.

NRS 104A.2404 - Substituted performance.

NRS 104A.2405 - Excused performance.

NRS 104A.2406 - Procedure on excused performance.

NRS 104A.2407 - Irrevocable promises: Finance leases.

NRS 104A.2501 - Default: Procedure.

NRS 104A.2502 - Notice after default.

NRS 104A.2503 - Modification or impairment of rights and remedies.

NRS 104A.2504 - Liquidation of damages.

NRS 104A.2505 - Cancellation and termination, and effect of cancellation, termination, rescission or fraud on rights and remedies.

NRS 104A.2506 - Statute of limitations.

NRS 104A.2507 - Proof of market rent: Time and place.

NRS 104A.2508 - Lessee’s remedies.

NRS 104A.2509 - Lessee’s rights on improper delivery; rightful rejection.

NRS 104A.2510 - Installment lease contracts: Rejection and default.

NRS 104A.2511 - Merchant lessee’s duties as to rightfully rejected goods.

NRS 104A.2512 - Lessee’s duties as to rightfully rejected goods.

NRS 104A.2513 - Cure by lessor of improper tender or delivery; replacement.

NRS 104A.2514 - Waiver of lessee’s objections.

NRS 104A.2515 - Acceptance of goods.

NRS 104A.2516 - Effect of acceptance of goods; notice of default; burden of establishing default after acceptance; notice of claim or litigation to person answerable over.

NRS 104A.2517 - Revocation of acceptance of goods.

NRS 104A.2518 - Cover; substitute goods.

NRS 104A.2519 - Lessee’s damages for nondelivery, repudiation, default and breach of warranty in regard to accepted goods.

NRS 104A.2520 - Lessee’s incidental and consequential damages.

NRS 104A.2521 - Lessee’s right to specific performance or replevin.

NRS 104A.2522 - Lessee’s right to goods on lessor’s insolvency.

NRS 104A.2523 - Lessor’s remedies.

NRS 104A.2524 - Lessor’s right to identify goods to lease contract.

NRS 104A.2525 - Lessor’s right to possession of goods.

NRS 104A.2526 - Lessor’s stoppage of delivery in transit or otherwise.

NRS 104A.2527 - Lessor’s rights to dispose of goods.

NRS 104A.2528 - Lessor’s damages for nonacceptance, failure to pay, repudiation or other default.

NRS 104A.2529 - Lessor’s action for the rent.

NRS 104A.2530 - Lessor’s incidental damages.

NRS 104A.2531 - Standing to sue third parties for injury to goods.

NRS 104A.2532 - Lessor’s rights to residual interest.

NRS 104A.4101 - Short title.

NRS 104A.4102 - Subject matter.

NRS 104A.4103 - Payment order: Definitions.

NRS 104A.4104 - Funds transfer: Definitions.

NRS 104A.4105 - Other definitions.

NRS 104A.4106 - Time payment order is received.

NRS 104A.4107 - Federal Reserve regulations and operating circulars.

NRS 104A.4108 - Exclusion of certain consumer transactions governed by federal law; resolution of inconsistencies between federal law and state law.

NRS 104A.4201 - Security procedure.

NRS 104A.4202 - Authorized and verified payment orders.

NRS 104A.4203 - Unenforceability of certain verified payment orders.

NRS 104A.4204 - Refund of payment and duty of customer to report with respect to unauthorized payment order.

NRS 104A.4205 - Erroneous payment orders.

NRS 104A.4206 - Transmission of payment order through funds-transfer or other communication system.

NRS 104A.4207 - Misdescription of beneficiary.

NRS 104A.4208 - Misdescription of intermediary bank or beneficiary’s bank.

NRS 104A.4209 - Acceptance of payment order.

NRS 104A.4210 - Rejection of payment order.

NRS 104A.4211 - Cancellation and amendment of payment order.

NRS 104A.4212 - Liability and duty of receiving bank regarding unaccepted payment order.

NRS 104A.4301 - Execution and execution date.

NRS 104A.4302 - Obligation of receiving bank in execution of payment order.

NRS 104A.4303 - Erroneous execution of payment order.

NRS 104A.4304 - Duty of sender to report erroneously executed payment order.

NRS 104A.4305 - Liability for late or improper execution or failure to execute payment order.

NRS 104A.4401 - Payment date.

NRS 104A.4402 - Obligation of sender to pay receiving bank.

NRS 104A.4403 - Payment by sender to receiving bank.

NRS 104A.4404 - Obligation of beneficiary’s bank to pay and give notice to beneficiary.

NRS 104A.4405 - Payment by beneficiary’s bank to beneficiary.

NRS 104A.4406 - Payment by originator to beneficiary; discharge of underlying obligation.

NRS 104A.4501 - Variation by agreement and effect of funds-transfer system rule.

NRS 104A.4502 - Creditor’s process served on receiving bank; setoff by beneficiary’s bank.

NRS 104A.4503 - Injunction or restraining order with respect to funds transfer.

NRS 104A.4504 - Order in which items and payment orders may be charged to account; order of withdrawals from account.

NRS 104A.4505 - Preclusion of objection to debit of customer’s account.

NRS 104A.4506 - Rate of interest.

NRS 104A.4507 - Choice of law.