§ 34.1-3-103 — Definitions

(a) In this article:
(i) "Acceptor" means a drawee who has accepted a
draft;
(ii) "Drawee" means a person ordered in a draft to
make payment;
(iii) "Drawer" means a person who signs or is
identified in a draft as a person ordering payment;
(iv) Reserved;
(v) "Maker" means a person who signs or is identified
in a note as a person undertaking to pay;
(vi) "Order" means a written instruction to pay money
signed by the person giving the instruction. The instruction
may be addressed to any person, including the person giving the
instruction, or to one (1) or more persons jointly or in the
alternative but not in succession. An authorization to pay is
not an order unless the person authorized to pay is also
instructed to pay;
(vii) "Ordinary care" in the case of a person engaged
in business means observance of reasonable commercial standards,
prevailing in the area in which the person is located, with
respect to the business in which the person is engaged. In the
case of a bank that takes an instrument for processing for
collection or payment by automated means, reasonable commercial
standards do not require the bank to examine the instrument if
the failure to examine does not violate the bank's prescribed
procedures and the bank's procedures do not vary unreasonably
from general banking usage not disapproved by this article or
article 4;
(viii) "Party" means a party to an instrument;
(ix) "Promise" means a written undertaking to pay
money signed by the person undertaking to pay. An
acknowledgment of an obligation by the obligor is not a promise
unless the obligor also undertakes to pay the obligation;
(x) "Prove" with respect to a fact means to meet the
burden of establishing the fact (section 34.1-1-201(b)(viii));
(xi) "Remitter" means a person who purchases an
instrument from its issuer if the instrument is payable to an
identified person other than the purchaser.
(b) Other definitions applying to this article and the
sections in which they appear are:
"Acceptance" Section 34.1-3-409
"Accommodated party" Section 34.1-3-419
"Accommodation party" Section 34.1-3-419
"Alteration" Section 34.1-3-407
"Anomalous indorsement" Section 34.1-3-205
"Blank indorsement" Section 34.1-3-205
"Cashier's check" Section 34.1-3-104
"Certificate of deposit" Section 34.1-3-104
"Certified check" Section 34.1-3-409
"Check" Section 34.1-3-104
"Consideration" Section 34.1-3-303
"Deposited instrument" Section 34.1-3-901
"Draft" Section 34.1-3-104
"Having control" Section 34.1-3-901
"Holder in due course" Section 34.1-3-302
"Incomplete instrument" Section 34.1-3-115
"Indorsement" Section 34.1-3-204
"Indorser" Section 34.1-3-204
"Instrument" Section 34.1-3-104
"Issue" Section 34.1-3-105
"Issuer" Section 34.1-3-105
"Negotiable instrument" Section 34.1-3-104
"Negotiation" Section 34.1-3-201
"Note" Section 34.1-3-104
"Payable at a definite time" Section 34.1-3-108
"Payable on demand" Section 34.1-3-108
"Payable to bearer" Section 34.1-3-109
"Payable to order" Section 34.1-3-109
"Payment" Section 34.1-3-602
"Person entitled to enforce" Section 34.1-3-301
"Presentment" Section 34.1-3-501
"Reacquisition" Section 34.1-3-207
"Special indorsement" Section 34.1-3-205
"Teller's check" Section 34.1-3-104
"Transfer of instrument" Section 34.1-3-203
"Traveler's check" Section 34.1-3-104
"Value" Section 34.1-3-303
(c) The following definitions in other articles apply to
this article:
"Bank" Section 34.1-4-105
"Banking day" Section 34.1-4-104
"Clearing corporation" Section 34.1-8-102
"Clearing house" Section 34.1-4-104
"Collecting bank" Section 34.1-4-105
"Custodian bank" Section 34.1-8-102
"Depositary bank" Section 34.1-4-105
"Documentary draft" Section 34.1-4-104
"Foreign clearing corporation" Section 34.1-8-320
"Foreign custodian bank" Section 34.1-8-102
"Intermediary bank" Section 34.1-4-105
"Item" Section 34.1-4-104
"Payor bank" Section 34.1-4-105
"Suspends payments" Section 34.1-4-104
(d) In addition, article 1 contains general definitions
and principles of construction and interpretation applicable
throughout this article.