Item of Payment

Item of Payment. Means any check, draft, cash, money, instrument, item, and other remittance in payment or on account of payment of the Accounts or otherwise with respect to any Collateral, including, without limitation, cash proceeds of any returned, rejected or repossessed goods, the sale or lease of which gave rise to an Account, and other proceeds of Collateral; and "Items of Payment" means the collective reference to all of the foregoing.

Item of Payment. Each check, draft, cash, money, instrument, item and other remittance in payment or on account of payment of the Accounts.