                                 CODE OF VIRGINIA

DEFINITIONS AND INDEX OF DEFINITIONS (§ 8.4-104)

a. In this title, unless the context otherwise requires:

   1. &#8220;Account&#8221; means any deposit or credit account with a bank
   including demand, time savings passbook, share draft, or like account, other
   than an account evidenced by a certificate of deposit;

   2. &#8220;Afternoon&#8221; means the period of a day between noon and
   midnight;

   3. &#8220;Banking day&#8221; means the part of a day on which a bank is open
   to the public for carrying on substantially all of its banking functions, but
   shall not include Saturday, Sunday or a legal holiday;

   4. &#8220;Clearing house&#8221; means an association of banks or other payors
   regularly clearing items;

   5. &#8220;Customer&#8221; 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. &#8220;Documentary draft&#8221; means any negotiable or nonnegotiable draft
   with accompanying documents, securities or other papers to be delivered
   against honor of the draft; or a draft to be presented for acceptance or
   payment if specified documents, certificated securities (&#xA7; 8.8A-102) or
   instructions for uncertified securities (&#xA7; 8.8A-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. &#8220;Draft&#8221; means a draft as defined in &#xA7; 8.3A-104 or an item,
   other than an instrument, that is an order;

   8. &#8220;Drawee&#8221; means a person ordered in a draft to make payment;

   9. &#8220;Item&#8221; 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. &#8220;Midnight deadline&#8221; 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. &#8220;Settle&#8221; 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. &#8220;Suspends payments&#8221; 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 title and the sections in which they
appear are:
			&#8220;Agreement for electronic presentment&#8221;&#xA7; 8.4-110.
			&#8220;Bank&#8221;&#xA7; 8.4-105.
			&#8220;Collecting bank&#8221;&#xA7; 8.4-105.
			&#8220;Depositary bank&#8221;&#xA7; 8.4-105.
			&#8220;Intermediary bank&#8221;&#xA7; 8.4-105.
			&#8220;Payor bank&#8221;&#xA7; 8.4-105.
			&#8220;Presenting bank&#8221;&#xA7; 8.4-105.
			&#8220;Presentment notice&#8221;&#xA7; 8.4-110.

c. The following definitions in other titles apply to this title:
			&#8220;Acceptance&#8221;&#xA7; 8.3A-409.
			&#8220;Alteration&#8221;&#xA7; 8.3A-407.
			&#8220;Cashier&#8217;s check&#8221;&#xA7; 8.3A-104.
			&#8220;Certificate of deposit&#8221;&#xA7; 8.3A-104.
			&#8220;Certified check&#8221;&#xA7; 8.3A-409.
			&#8220;Check&#8221;&#xA7; 8.3A-104.
			&#8220;Control&#8221;&#xA7; 8.7-106.
			&#8220;Draft&#8221;&#xA7; 8.3A-104.
			&#8220;Good faith&#8221;&#xA7; 8.3A-103.
			&#8220;Holder in due course&#8221;&#xA7; 8.3A-302.
			&#8220;Instrument&#8221;&#xA7; 8.3A-104.
			&#8220;Notice of dishonor&#8221;&#xA7; 8.3A-503.
			&#8220;Order&#8221;&#xA7; 8.3A-103.
			&#8220;Ordinary care&#8221;&#xA7; 8.3A-103.
			&#8220;Person entitled to enforce&#8221;&#xA7; 8.3A-301.
			&#8220;Presentment&#8221;&#xA7; 8.3A-501.
			&#8220;Promise&#8221;&#xA7; 8.3A-103.
			&#8220;Prove&#8221;&#xA7; 8.3A-103.
			&#8220;Teller&#8217;s check&#8221;&#xA7; 8.3A-104.
			&#8220;Unauthorized signature&#8221;&#xA7; 8.3A-403.

d. In addition Title 8.1A contains general definitions and principles of
construction and interpretation applicable throughout this title.

HISTORY: 1964, c. 219; 1976, c. 118; 1992, c. 693; 1996, c. 216; 2003, c. 353;
2004, c. 200.