{"data":{"id":"us-tn/tenn.-code-ann.-47-4a-105","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 47-4a-105","heading":"2024 Tennessee Code Title 47 - COMMERCIAL INSTRUMENTS AND TRANSACTIONS (§§ 47-1-101 — 47-50-121) Chapter 4A - FUNDS TRANSFERS (§§ 47-4A-101 — 47-4A-507) Part 1 - GENERAL PROVISIONS AND DEFINITIONS (§§ 47-4A-101 — 47-4A-108) Section 47-4A-105 - Other definitions","body":"(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) \"Good faith\" means honesty in fact and the observance of reasonable commercial standards of fair dealing; and (7) \"Prove\" with respect to a fact means to meet the burden of establishing the fact (§ 47-1-201(b)(8) ). (b) Other definitions applying to this chapter and the sections in which they appear are: \"Acceptance\" § 47-4A-209 \"Beneficiary\" § 47-4A-103 \"Beneficiary's bank\" § 47-4A-103 \"Executed\" § 47-4A-301 \"Execution date\" § 47-4A-301 \"Funds transfer\" § 47-4A-104 \"Funds-transfer system rule\" § 47-4A-501 \"Intermediary bank\" § 47-4A-104 \"Originator\" § 47-4A-104 \"Originator's bank\" § 47-4A-104 \"Payment by beneficiary's bank to beneficiary\" § 47-4A-405 \"Payment by originator to beneficiary\" § 47-4A-406 \"Payment by sender to receiving bank\" § 47-4A-403 \"Payment date\" § 47-4A-401 \"Payment order\" § 47-4A-103 \"Receiving bank\" § 47-4A-103 \"Security procedure\" § 47-4A-201 \"Sender\" § 47-4A-103 (c) The following definitions in chapter 4 of this title apply to this chapter: \"Clearinghouse\" § 47-4-104 \"Item\" § 47-4-104 \"Suspends payments\" § 47-4-104 (d) In addition, chapter 1 of this title contains general definitions and principles of construction and interpretation applicable throughout this chapter. Acts 1991, ch. 52, § 1; 2008 , ch. 930, § 10.\n(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\nued 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) \"Good faith\" means honesty in fact and the observance of reasonable commercial standards of fair dealing; and (7) \"Prove\" with respect to a fact means to meet the burden of establishing the fact (§ 47-1-201(b)(8) ).\n(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;\n(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;\n(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;\n(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;\n(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;\n(6) \"Good faith\" means honesty in fact and the observance of reasonable commercial standards of fair dealing; and\n(7) \"Prove\" with respect to a fact means to meet the burden of establishing the fact (§ 47-1-201(b)(8) ).\nother 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;\n(6) \"Good faith\" means honesty in fact and the observance of reasonable commercial standards of fair dealing; and\n(7) \"Prove\" with respect to a fact means to meet the burden of establishing the fact (§ 47-1-201(b)(8) ).\n(b) Other definitions applying to this chapter and the sections in which they appear are: \"Acceptance\" § 47-4A-209 \"Beneficiary\" § 47-4A-103 \"Beneficiary's bank\" § 47-4A-103 \"Executed\" § 47-4A-301 \"Execution date\" § 47-4A-301 \"Funds transfer\" § 47-4A-104 \"Funds-transfer system rule\" § 47-4A-501 \"Intermediary bank\" § 47-4A-104 \"Originator\" § 47-4A-104 \"Originator's bank\" § 47-4A-104 \"Payment by beneficiary's bank to beneficiary\" § 47-4A-405 \"Payment by originator to beneficiary\" § 47-4A-406 \"Payment by sender to receiving bank\" § 47-4A-403 \"Payment date\" § 47-4A-401 \"Payment order\" § 47-4A-103 \"Receiving bank\" § 47-4A-103 \"Security procedure\" § 47-4A-201 \"Sender\" § 47-4A-103\n\"Acceptance\" § 47-4A-209 \"Beneficiary\" § 47-4A-103 \"Beneficiary's bank\" § 47-4A-103 \"Executed\" § 47-4A-301 \"Execution date\" § 47-4A-301 \"Funds transfer\" § 47-4A-104 \"Funds-transfer system rule\" § 47-4A-501 \"Intermediary bank\" § 47-4A-104 \"Originator\" § 47-4A-104 \"Originator's bank\" § 47-4A-104 \"Payment by beneficiary's bank to beneficiary\" § 47-4A-405 \"Payment by originator to beneficiary\" § 47-4A-406 \"Payment by sender to receiving bank\" § 47-4A-403 \"Payment date\" § 47-4A-401 \"Payment order\" § 47-4A-103 \"Receiving bank\" § 47-4A-103 \"Security procedure\" § 47-4A-201 \"Sender\" § 47-4A-103\n\"Acceptance\"\n§ 47-4A-209\n\"Beneficiary\"\n§ 47-4A-103\n\"Beneficiary's bank\"\n§ 47-4A-103\n\"Executed\"\n§ 47-4A-301\n\"Execution date\"\n§ 47-4A-301\n\"Funds transfer\"\n§ 47-4A-104\n\"Funds-transfer system rule\"\n§ 47-4A-501\n\"Intermediary bank\"\n§ 47-4A-104\n\"Originator\"\n§ 47-4A-104\n\"Originator's bank\"\n§ 47-4A-104\n\"Payment by beneficiary's bank to beneficiary\"\n§ 47-4A-405\n\"Payment by originator to beneficiary\"\n§ 47-4A-406\n\"Payment by sender to receiving bank\"\n§ 47-4A-403\n\"Payment date\"\n§ 47-4A-401\n\"Payment order\"\n§ 47-4A-103\n\"Receiving bank\"\n§ 47-4A-103\n\"Security procedure\"\n§ 47-4A-201\n\"Sender\"\n§ 47-4A-103\n(c) The following definitions in chapter 4 of this title apply to this chapter: \"Clearinghouse\" § 47-4-104 \"Item\" § 47-4-104 \"Suspends payments\" § 47-4-104\n\"Clearinghouse\" § 47-4-104 \"Item\" § 47-4-104 \"Suspends payments\" § 47-4-104\n\"Clearinghouse\"\n§ 47-4-104\n\"Item\"\n§ 47-4-104\n\"Suspends payments\"\n§ 47-4-104\n(d) In addition, chapter 1 of this title contains general definitions and principles of construction and interpretation applicable throughout this chapter.","path":["TN Code","Title 47","Chapter 4a"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"9c0066249e5f956cdb650383fd68371b443f6baa4ac3a1123aa96b3b34d2c388","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-47-4a-104","next":"us-tn/tenn.-code-ann.-47-4a-106"},"notice":"GroundRules: Original legal text. Not legal advice."}