What describes a deposit account in the context of UCC Article 9?

A deposit account, as defined under UCC Article 9, includes various underlying accounts held at a bank that can be used to secure loans or provide collateral for transactions. The understanding of a deposit account within the framework of UCC Article 9 is broader than just individual consumer accounts.

The correct option describes a commercial bank account, which is relevant because such accounts are often used in business transactions and can be made subject to security interests under Article 9. A commercial bank account can include checking accounts, savings accounts, and other deposit accounts used for business operations, facilitating transactions, and securing financing.

In contrast, while a personal savings account at a bank might also qualify as a type of deposit account, it is not limited to just individual consumer purposes and may not encompass the broader context of secured transactions as effectively as a commercial bank account does. Other choices also misinterpret the scope, as not just any bank account qualifies under UCC Article 9—there can be important distinctions between business accounts and personal accounts that affect security interests and priority.

Moreover, an account held only by individual consumers would not represent the full range of deposit accounts envisaged under UCC Article 9, particularly when business transactions and commercial entities are involved. Therefore,