§ 55-4A-101 Short title
§ 55-4A-102 Subject matter
§ 55-4A-103 Payment order; definitions
§ 55-4A-104 Funds transfer; definitions
§ 55-4A-105 Other definitions
§ 55-4A-106 Time payment order is received
§ 55-4A-107 Federal reserve regulations and operating circulars
§ 55-4A-108 Relationship to electronic fund transfer act
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Terms Used In New Mexico Statutes > Chapter 55 > Article 4A > Part 1

  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.