§ 670.201 Security procedure
§ 670.202 Authorized and verified payment orders
§ 670.203 Unenforceability of certain verified payment orders
§ 670.204 Refund of payment and duty of customer to report with respect to unauthorized payment order
§ 670.205 Erroneous payment orders
§ 670.206 Transmission of payment order through funds-transfer system or other communication system
§ 670.207 Misdescription of beneficiary
§ 670.208 Misdescription of intermediary bank or beneficiary’s bank
§ 670.209 Acceptance of payment order
§ 670.21 Rejection of payment order
§ 670.211 Cancellation and amendment of payment order
§ 670.212 Liability and duty of receiving bank regarding unaccepted payment order

Terms Used In Florida Statutes > Chapter 670 > Part II

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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
  • Capital: means shares, deposits, and equity. See Florida Statutes 668.801
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporate credit union: means any credit union organized pursuant to any state or federal act for the purpose of serving other credit unions. See Florida Statutes 668.801
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Credit union: means any cooperative society organized pursuant to this chapter. See Florida Statutes 668.801
  • Deposits: means that portion of the money placed into the credit union by members on which interest may be paid. See Florida Statutes 668.801
  • Equity: means undivided earnings, regular reserves, and other reserves. See Florida Statutes 668.801
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • National Credit Union Administration: The federal regulatory agency that charters and supervises federal credit unions. (NCUA also administers the National Credit Union Share Insurance Fund, which insures the deposits of federal credit unions.) Source: OCC
  • 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.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • person: includes individuals, children, firms, associations, joint adventures, partnerships, estates, trusts, business trusts, syndicates, fiduciaries, corporations, and all other groups or combinations. See Florida Statutes 88.6011
  • Personal property: All property that is not real property.
  • Quorum: The number of legislators that must be present to do business.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • Shares: means the money placed into the credit union by members on which dividends may be paid. See Florida Statutes 668.801
  • Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
  • writing: includes handwriting, printing, typewriting, and all other methods and means of forming letters and characters upon paper, stone, wood, or other materials. See Florida Statutes 88.6011