California Financial Code Section 1852

Unless the context otherwise requires, the definitions set forth in this section govern the construction of this chapter: (a) Agent means any person authorized by a licensee to sell traveler`s checks in this state on behalf of such licensee. (b) Business day means any day other than Saturday, Sunday or any other day which is specified or provided for as a holiday in the Government Code. (c) Eligible security has the meaning set forth in subdivision (a) of Section 1876.1. (d) (1) Foreign currency means any currency other than United States currency. (2) Foreign currency, when used with respect to any traveler`s check, means a traveler`s check which is denominated in a foreign currency. (e) Licensee means a person duly licensed by the commissioner pursuant to this chapter to issue traveler`s checks. (f) Outstanding traveler`s checks means travelers checks sold in the United States and reported to licensee. (g) (1) Payment instrument means: (A) Any instrument (whether or not negotiable) for the transmission or payment of money which is designated on its face by the term money order or by any substantially similar term; or (B) Any check, draft, or other instrument (whether or not negotiable) for the transmission or payment of money, if sold to a natural person and payable on demand. (2) Notwithstanding the provisions of subparagraph (B) of paragraph (1) of this subdivision, payment instrument does not include: (A) Any traveler`s check; (B) Any credit card voucher; (C) Any letter of credit; or (D) Any instrument which is redeemable by the issuer in goods or services. (h) Person means any individual, partnership, unincorporated association, limited liability company, or corporation. (i) Travelers check means an instrument for the payment of money which: (1) Is designated on its face by the term travelers check or by any substantially similar term or is commonly known and marketed as a traveler`s check by a corporation licensed as an issuer of traveler` s checks in this state on or prior to January 1, 1978, and not also by the term money order or by any substantially similar term; (2) (A) If issued in United States currency, is in the sum of ten dollars ($10) or a whole multiple thereof, if less than one hundred dollars ($100), or in the sum of one hundred dollars ($100) or a whole multiple thereof; (B) If issued in any foreign currency, is in an even denomination of such currency; (3) Contains a provision for a specimen signature of the purchaser to be completed at the time of purchase, and (4) Contains a provision for a countersignature of the purchaser to be completed at the time of negotiation. (j) United States currency, when used with respect to any traveler`s check, means a traveler`s check which is denominated in United States currency.