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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 28 February 2002 - onwards
Version 7 of 7

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.