Texas Business and Commerce Code Chapter 4 > Subchapter E – Collection of Documentary Drafts
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Terms Used In Texas Business and Commerce Code Chapter 4 > Subchapter E - Collection of Documentary Drafts
- 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.
- Customer: means a 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 Texas Business and Commerce Code 4.104
- Documentary draft: means a draft to be presented for acceptance or payment if specified documents, certificated securities (Section Texas Business and Commerce Code 4.104
- Draft: means a draft as defined in Section Texas Business and Commerce Code 4.104
- Drawee: means a person ordered in a draft to make payment. See Texas Business and Commerce Code 4.104
- Lien: A claim against real or personal property in satisfaction of a debt.
- Month: means a calendar month. See Texas Government Code 312.011
- Oath: includes affirmation. See Texas Government Code 311.005
- 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.
- Week: means seven consecutive days. See Texas Government Code 311.005