§ 104.4201 Status of collecting bank as agent and provisional status of credits; item endorsed ‘pay any bank.’
§ 104.4202 Responsibility for collection or return; when action timely
§ 104.4203 Effect of instructions
§ 104.4204 Methods of sending and presenting; sending directly to payor bank
§ 104.4205 Depository bank holder of unendorsed item
§ 104.4206 Transfer between banks
§ 104.4207 Transfer warranties
§ 104.4208 Presentment warranties
§ 104.4209 Encoding and retention warranties
§ 104.4210 Security interest of collecting bank in items, accompanying documents and proceeds
§ 104.4211 When bank gives value for purposes of holder in due course
§ 104.4212 Presentment by notice of item not payable by, through or at bank; liability of drawer or endorser
§ 104.4213 Medium and time of settlement by bank
§ 104.4214 Right of charge-back or refund; liability of collecting bank; return of item
§ 104.4215 Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal
§ 104.4216 Insolvency and preference

Terms Used In Nevada Revised Statutes > Chapter 104 > Article 4 > Collection of Items: Depositary and Collecting Banks

  • 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 Nevada Revised Statutes 104.4104
  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Arrest: Taking physical custody of a person by lawful authority.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Bail: Security given for the release of a criminal defendant or witness from legal custody (usually in the form of money) to secure his/her appearance on the day and time appointed.
  • Banking day: means that part of any day on which a bank is open to the public for carrying on substantially all of its banking functions. See Nevada Revised Statutes 104.4104
  • Clearinghouse: means any association of banks or other payors regularly clearing items. See Nevada Revised Statutes 104.4104
  • Continuance: Putting off of a hearing ot trial until a later time.
  • county: includes Carson City. See Nevada Revised Statutes 0.033
  • Customer: means any 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 Nevada Revised Statutes 104.4104
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • 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 or instructions for uncertificated securities, or other certificates, statements or the like are to be received by the drawee or other payor before acceptance or payment of the draft. See Nevada Revised Statutes 104.4104
  • Draft: means a draft as defined in NRS 104. See Nevada Revised Statutes 104.4104
  • Drawee: means a person ordered in a draft to make payment. See Nevada Revised Statutes 104.4104
  • Item: means an instrument or a promise or order to pay money handled by a bank for collection or payment. See Nevada Revised Statutes 104.4104
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • 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: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
  • 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.
  • Writ: A formal written command, issued from the court, requiring the performance of a specific act.