660.045 - Definitions. - Nevada Statutes

660.045  Definitions.  As used in NRS 660.045 to 660.105, inclusive, unless the context otherwise requires:

      1.  “Electronic terminal” means an electronic device, other than a telephone operated by a customer, through which a customer may initiate an electronic transfer of money. The term includes, but is not limited to, mechanical tellers.

      2.  “Electronic transfer of money” means any transfer of money, other than a transaction initiated by a check, draft or other similar instrument, that is initiated through an electronic terminal, telephone, computer or magnetic tape for the purpose of ordering, instructing or authorizing a financial institution to debit or credit an account.

      3.  “Financial institution” means a bank, savings and loan association, thrift company or credit union regulated pursuant to this title or title 56 of NRS.

      4.  “Mechanical teller” means an electronic terminal used by a financial institution to effectuate transactions solely between itself and its customers. The term does not include any device used solely to guarantee the payment of a check or to authorize or verify the issuance of a check.

      (Added to NRS by 1985, 983; A 1989, 712)