Agreement for Electronic Presentment Law and Legal Definition
Electronic presentment enables customers to receive and pay bills through a computer or telephone. An agreement for electronic presentment means an agreement, clearing-house rule, or Federal Reserve regulation or operating circular, providing that the presentment of an item ( an instrument or a promise or order to pay money handled by a bank for collection or payment) can be made by transmission of an image of an item or information describing the item rather than delivery of the item. Additionally, the agreement may also provide for procedures governing retention, presentment, payment, dishonor, and other matters concerning items subject to the agreement. Presentment of an item pursuant to an agreement for presentment is made when the presentment notice is received.[U.C.C. § 4-110].
Legal Definition list
- Agreement Collection Certification
- Agreement Area
- Agreement
- Agreed-Boundary Doctrine
- Agreed Valuation
- Agreement for Electronic Presentment
- Agreement of Sale
- Agreement Officer [Aeronautics and Space]
- Agreement on Border Environment Cooperation Commission
- Agreement on Trade in Civil Aircraft
- Agreement State [Atomic Energy]
Related Legal Terms
- 1040 Form
- A Fortiori
- A Fortiori Argument
- Absent Uniformed Services Voter
- Academy for International Conflict Management and Peacebuilding [USIP]
- Acceptance for Value
- Acceptance of Service Agreement
- Access to Classified Information (Military)
- Accessory Before The Fact
- Accompanying the Armed Forces outside the United States
