Account.

Account. (1) Except as provided in paragraphs (a)(2) and (a)(3) of this section,
means a deposit as defined in12 CFR 204.2(a)(1)(i)that is a transaction account as described in12 CFR 204.2(e). As defined in these sections,
generally includes accounts at a bank from which the account holder is permitted to make transfers or withdrawals by negotiable or transferable instrument, payment order of withdrawal, telephone transfer, electronic payment, or other similar means for the purpose of making payments or transfers to third persons or others.

Source

12 CFR § 229.2


Scoping language

As used in this part, and unless the context requires otherwise, the following terms have the meanings set forth in this section, and the terms not defined in this section have the meanings set forth in the Uniform Commercial Code:

Is this correct? or