Oregon Statutes > Chapter 293 > Electronic Funds Transfers
Current as of: 2023 | Check for updates
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| § 293.525 | Payments to and by state agencies by electronic funds transfers; rules; penalty for failure to comply |
Terms Used In Oregon Statutes > Chapter 293 > Electronic Funds Transfers
- Electronic funds transfer: The transfer of money between accounts by consumer electronic systems-such as automated teller machines (ATMs) and electronic payment of bills-rather than by check or cash. (Wire transfers, checks, drafts, and paper instruments do not fall into this category.) Source: OCC
- 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.