Okla. Stat. tit. 12A, § 12A-1-204: "Value"

"Value".

Except as otherwise provided in Articles 3, 4, 5, 6, and 12 of

the Uniform Commercial Code, a person gives value for rights if the

person acquires them:

(1) in return for a binding commitment to extend credit or for

the extension of immediately available credit, whether or not drawn

upon and whether or not a charge-back is provided for in the event

of difficulties in collection;

(2) as security for, or in total or partial satisfaction of, a

preexisting claim;

(3) by accepting delivery under a preexisting contract for

purchase; or

(4) in return for any consideration sufficient to support a

simple contract.