12 USC § 2502 - Definitions

---
identifier: "/us/usc/t12/s2502"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 2502 - Definitions"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "2502"
section_name: "Definitions"
chapter_number: 26
chapter_name: "DISPOSITION OF ABANDONED MONEY ORDERS AND TRAVELER’S CHECKS"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 93–495, title VI, § 602, Oct. 28, 1974, 88 Stat. 1525.)"
---


# § 2502. Definitions

As used in this chapter—

**(1)** “banking organization” means any bank, trust company, savings bank, safe deposit company, or a private banker engaged in business in the United States;

**(2)** “business association” means any corporation (other than a public corporation), joint stock company, business trust, partnership, or any association for business purposes of two or more individuals; and

**(3)** “financial organization” means any savings and loan association, building and loan association, credit union, or investment company engaged in business in the United States.

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**Source Credit**: (Pub. L. 93–495, title VI, § 602, Oct. 28, 1974, 88 Stat. 1525.)