Alaska Statutes > Title 45 > Chapter 4 > Article 2 – Collection of Items: Depositary and Collecting Banks
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Terms Used In Alaska Statutes > Title 45 > Chapter 4 > Article 2 - Collection of Items: Depositary and Collecting Banks
- account: means a 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 Alaska Statutes 45.04.104
- action: includes any matter or proceeding in a court, civil or criminal. See Alaska Statutes 01.10.060
- banking day: means that part of a day on which a bank is open to the public for carrying on substantially all of its banking functions. See Alaska Statutes 45.04.104
- clearinghouse: means an association of banks or other payors regularly clearing items. See Alaska Statutes 45.04.104
- Continuance: Putting off of a hearing ot trial until a later time.
- customer: means a person having an account with a bank or for whom a bank has agreed to collect items, including a bank that maintains an account at another bank. See Alaska Statutes 45.04.104
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
- documentary draft: means a draft to be presented for acceptance or payment if specified documents, certificated securities under Alaska Stat. See Alaska Statutes 45.04.104
- draft: means a draft as defined in Alaska Stat. See Alaska Statutes 45.04.104
- drawee: means a person ordered in a draft to make payment. See Alaska Statutes 45.04.104
- item: means an instrument or a promise or order to pay money handled by a bank for collection or payment. See Alaska Statutes 45.04.104
- 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, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
- 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.
- Statute: A law passed by a legislature.
- Trustee: A person or institution holding and administering property in trust.
