Section 4--105. "Depositary Bank"; "Intermediary Bank"; "Collecting Bank"; "Payor Bank"; "Presenting Bank"; "Remitting Bank"

In this Article unless the context otherwise requires:
    (a)  "Depositary  bank"  means  the  first  bank  to  which an item is
  transferred for collection even though it is also the payor bank;
    (b) "Payor bank" means a bank by which an item is payable as drawn  or
  accepted;
    (c) "Intermediary bank" means any bank to which an item is transferred
  in course of collection except the depositary or payor bank;
    (d)  "Collecting bank" means any bank handling the item for collection
  except the payor bank;
    (e) "Presenting bank" means any bank presenting an item except a payor
  bank;
    (f) "Remitting bank" means any payor or  intermediary  bank  remitting
  for an item.