§ 47-4-101 Short title
§ 47-4-102 Applicability
§ 47-4-103 Variation by agreement; measure of damages; action constituting ordinary care
§ 47-4-104 Definitions and index of definitions
§ 47-4-105 “Bank” – “Depositary bank” – “Payor bank” – “Intermediary bank” – “Collecting bank” – “Presenting bank.”
§ 47-4-106 Payable through or payable at bank – Collecting bank
§ 47-4-107 Separate office of bank
§ 47-4-108 Time of receipt of items
§ 47-4-109 Delays
§ 47-4-110 Electronic presentment
§ 47-4-111 Statute of limitations
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Terms Used In Tennessee Code > Title 47 > Chapter 4 > Part 1 - General Provisions and Definitions

  • Account: means any deposit or credit account with a bank, including a demand, time, savings, passbook, share draft, or like account, other than an account evidenced by a certificate of deposit. See Tennessee Code 47-4-104
  • Afternoon: means the period of a day between twelve o'clock noon (12:00 noon) and twelve o'clock midnight (12:00 midnight). See Tennessee Code 47-4-104
  • Banking day: means the part of a day on which a bank is open to the public for carrying on substantially all of its banking functions, except that any day that is not a banking day for purposes of federal reserve regulations, Regulation CC (12 C. See Tennessee Code 47-4-104
  • Code: includes the Tennessee Code and all amendments and revisions to the code and all additions and supplements to the code. See Tennessee Code 1-3-105
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Draft: means a draft as defined in §. See Tennessee Code 47-4-104
  • Drawee: means a person ordered in a draft to make payments. See Tennessee Code 47-4-104
  • Item: means an instrument or a promise or order to pay money handled by a bank for collection or payment. See Tennessee Code 47-4-104
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Person: includes a corporation, firm, company or association. See Tennessee Code 1-3-105
  • Savings and loan association: includes a building and loan association, a federal or state savings and loan association, a federal savings bank, and any other financial institution, the accounts of which are insured by the [former] federal savings and loan insurance corporation (FSLIC) or any successor [repealed] of such corporation. See Tennessee Code 1-3-105
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.