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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 28 February 2002 - onwards
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2. Interpretation of terms

In this Act, unless the context otherwise requires, -

"Acceptance" means an acceptance completed by delivery or notification.

"Action" includes counter claim and set off.

"Banker" includes - (a) a body of persons whether incorporated or not who carry on the business of banking, (b) a building society (within the meaning of the Building Societies Act, 1989), (c) [deleted] (d) [deleted].

"Bankrupt" includes any person whose estate is vested in a trustee or assignee under the law for the time being in force relating to bankruptcy.

"Bearer" means the person in possession of a bill or note which is payable to bearer.

"Bill" means bill of exchange, and "note" means promissory note.

"Business days" means those days which are not non-business days.

"Delivery" means transfer of possession, actual or constructive, from one person to another.

"Holder" means the payee or indorsee of a bill or note who is in possession of it, or the bearer thereof.

"Indorsement" means an indorsement com

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