Section 2

any right, interest, title, claim, chose in action, power or privilege, whether present or future, or whether vested or contingent, in relation to any property, or which is otherwise of value;

any conveyance executed for conveying, assigning, appointing, surrendering, or otherwise transferring or disposing of property where the person executing the conveyance is the proprietor or possessor, or wherein he is entitled to a contingent right, either for the whole or part of the interest;

any security, including any stock, share, debenture, bond, loan stock, transferable subscription right or warrant;

any negotiable instrument, including any bank note, bearer note, Treasury bill, dividend warrant, bill of exchange, promissory note, cheque and negotiable certificate of deposit;

any mortgage or charge, whether legal or equitable, guarantee, lien or pledge, whether actual or constructive, letter of hypothecation or trust receipt, indemnity, undertaking or other means of securing payment or discharge of a debt or liability, whether present or future, or whether vested or contingent; and

any other tangible or intangible property;

“committee” means the committee of the Board established under section 13;

Public Sector Home Financing Board 9

“public sector home financing facility” means the facility granted by the Board to an approved eligible person;

“Chief Executive Officer” means the Chief Executive Officer appointed under section 18 and includes an employee of the Board appointed under subsection 18(7) to act as the Chief Executive

Officer;

“Fund” means the Public Sector Home Financing Fund established under section 26;

“Board” means the Public Sector Home Financing Board established under section 3;

“Minister” means the Minister charged with the responsibility for finance;

“eligible person” means any person referred to in subsection 23(3);

“approved eligible person” means an eligible person whose application for public sector home financing facility has been approved by the Board;

“Chairman” means the Chairman of the Board appointed under paragraph 8(1)(a) and includes the Deputy Chairman when he exercises the functions of the Chairman.