§ 4-A-201 Security Procedure
§ 4-A-202 Authorized and Verified Payment Orders
§ 4-A-203 Unenforceability of Certain Verified Payment Orders
§ 4-A-204 Refund of Payment and Duty of Customer to Report With Respect to Unauthorized Payment Order
§ 4-A-205 Erroneous Payment Orders
§ 4-A-206 Transmission of Payment Order Through Funds-Transfer or Other Communication System
§ 4-A-207 Misdescription of Beneficiary
§ 4-A-208 Misdescription of Intermediary Bank or Beneficiary’s Bank
§ 4-A-209 Acceptance of Payment Order
§ 4-A-210 Rejection of Payment Order
§ 4-A-211 Cancellation and Amendment of Payment Order
§ 4-A-212 Liability and Duty of Receiving Bank Regarding Unaccepted Payment Order

Terms Used In New York Laws > Uniform Commercial Code > Article 4-A > Part 2 - Issue and Acceptance of Payment Order

  • 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.
  • Arraignment: A proceeding in which an individual who is accused of committing a crime is brought into court, told of the charges, and asked to plead guilty or not guilty.
  • Arrest: Taking physical custody of a person by lawful authority.
  • 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.
  • 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
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • 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.
  • Oath: A promise to tell the truth.
  • 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.
  • Plea: In a criminal case, the defendant's statement pleading "guilty" or "not guilty" in answer to the charges, a declaration made in open court.
  • Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • Summons: Another word for subpoena used by the criminal justice system.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.