a party to an instrument.
(8) "Promise" means a written undertaking to pay money signed by the person undertaking to pay. An acknowledgment of an obligation by the obligor is not a promise unless the obligor also undertakes to pay the obligation.
(9) "Prove" with respect to a fact means to meet the burden of establishing the fact.
(10) "Remitter" means a person who purchases an instrument from its issuer if the instrument is payable to an identified person other than the purchaser.
(b) Other definitions applying to this article and the sections in which they appear are:
"Acceptance". Section 42a-3-409.
"Accommodated party". Section 42a-3-419.
"Accommodation party". Section 42a-3-419.
"Alteration". Section 42a-3-407.
"Anomalous endorsement". Section 42a-3-205.
"Blank endorsement". Section 42a-3-205.
"Cashier's check". Section 42a-3-104.
"Certificate of deposit". Section 42a-3-104.
"Certified check". Section 42a-3-409.
"Check". Section 42a-3-104.
"Consideration". Section 42a-3-303.
"Draft". Section 42a-3-104.
"Endorsement". Section 42a-3-204.
"Endorser". Section 42a-3-204.
"Holder in due course". Section 42a-3-302.
"Incomplete instrument". Section 42a-3-115.
"Instrument". Section 42a-3-104.
"Issue". Section 42a-3-105.
"Issuer". Section 42a-3-105.
"Negotiable instrument". Section 42a-3-104.
"Negotiation". Section 42a-3-201.
"Note". Section 42a-3-104.
"Payable at a definite time". Section 42a-3-108.
"Payable on demand". Section 42a-3-108.
"Payable to bearer". Section 42a-3-109.
"Payable to order". Section 42a-3-109.
"Payment". Section 42a-3-602.
"Person entitled to enforce". Section 42a-3-301.
"Presentment". Section 42a-3-501.
"Reacquisition". Section 42a-3-207.
"Special endorsement". Section 42a-3-205.
"Teller's check". Section 42a-3-104.
"Transfer of instrument". Section 42a-3-203.
"Traveler's check". Section 42a-3-104.
"Value". Section 42a-3-303.
(c) The following definitions in other articles apply to this article:
"Bank". Section 42a-4-105.
"Banking day". Section 42a-4-104.
"Clearing house". Section 42a-4-104.
"Collecting bank". Section 42a-4-105.
"Depositary bank". Section 42a-4-105.
"Documentary draft". Section 42a-4-104.
"Intermediary bank". Section 42a-4-105.
"Item". Section 42a-4-104.
"Payor bank". Section 42a-4-105.
"Suspends payments". Section 42a-4-104.
(d) In addition, article 1 contains general definitions and principles of construction and interpretation applicable throughout this article.
(1959, P.A. 133, S. 3-103; P.A. 91-304, S. 3; May Sp. Sess. P.A. 92-11, S. 15, 70; P.A. 05-109, S. 29.)
History: P.A. 91-304 entirely replaced former provisions re scope of article with provisions re definitions; May Sp. Sess. P.A. 92-11 amended Subsec. (a) to make a technical change in the definition of "prove"; P.A. 05-109 amended Subsec. (a) by deleting definition of "good faith" and making technical changes to conform to revisions made to article 1 by the same act.
See Sec. 42a-3-102 for successor provisions to Sec. 42a-3-103, revised to 1991, re scope of article.
Cited. 230 C. 486.
Section 42a-3-104 - Negotiable instrument.
(a) Except as provided in subsections (c) and (d), "negotiable instrument" means an unconditional promise or order to pay a fixed amount of money, with or without interest or other charges described in the promise or order, if it:
(1) Is payable to bearer or to order at the time it is issued or first comes into possession of a holder;
(2) Is payable on demand or at a definite time; and
(3) Does not state any other undertaking or instruction by the person promising or ordering payment to do any act in