1. A piece of a whole, not necessarily separated.
2. Commercial law. A negotiable instrument or a promise or order to pay money handled by a bank for collection or payment. • The term does not include a payment order governed by division 11 of the UCC or a credit- or debit-card slip. UCC 4-104(a)(9). [Cases: Banks and Banking 137, 158–168. C.J.S. Banks and Banking §§ 317, 319, 322, 327–328, 330, 382–400, 402, 404–407, 409–410, 414, 420, 422–424.]
par item. An item that a drawee bank will remit to another bank without charge.
3. In drafting, a subpart of text that is the next smaller unit than a subparagraph. • In federal drafting, for example, “(4)” is the item in the following citation: Rule 19(a)(1)(B)(4).
— Also termed (in sense 3) clause.
