§ 18-5-701 — Definitions

As used in this part 7, unless the context otherwise
requires:

(1) Account holder means the person or business entity named on the face
of a financial transaction device to whom or for whose benefit the financial
transaction device is issued by an issuer.

(2) Automated banking device means any machine which, when properly
activated by a financial transaction device or a personal identification code, may be
used for any of the purposes for which a financial transaction device may be used.

(3) Financial transaction device means any instrument or device whether
known as a credit card, banking card, debit card, electronic fund transfer card, or
guaranteed check card, or account number representing a financial account or
affecting the financial interest, standing, or obligation of or to the account holder,
that can be used to obtain cash, goods, property, or services or to make financial
payments, but shall not include a check, a negotiable order of withdrawal, and a
share draft as defined in section 18-5-205.

(4) Issuer means any person or banking, financial, or business institution,
corporation, or other business entity that assigns financial rights by acquiring,
distributing, controlling, or canceling a financial transaction device.

(5) Personal identification code means any grouping of letters, numbers, or
symbols assigned to the account holder of a financial transaction device by the
issuer to permit authorized electronic use of that financial transaction device.

(6) Sales form means any written record of a financial transaction involving
use of a financial transaction device.

Legislative History

Source: L. 84: Entire part added, p. 549, � 2, effective July 1.