Alaska Statutes > Title 45 > Chapter 14 > Article 3 – Execution of Sender’s Payment Order by Receiving Bank
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Terms Used In Alaska Statutes > Title 45 > Chapter 14 > Article 3 - Execution of Sender's Payment Order by Receiving Bank
- action: includes any matter or proceeding in a court, civil or criminal. See Alaska Statutes 01.10.060
- 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
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
