Section 27

Terms defined in s 2

• advertisement

  advertisement

  Defined · s 2

  "advertisement" means the disseminating or conveying of information, invitation or solicitation by any means or in any form, including by means of— (a) publication in a newspaper, magazine, journal or other periodical; (b) display of posters or notices; (c) circulars, handbills, brochures, pamphlets, books or other documents; (d) letters addressed to individuals or bodies; (e) photographs or cinematograph films; and (f) sound broadcasting, television or other electronic media;

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• agreement

  agreement

  Defined · s 2

  "agreement" means an agreement whether formal or informal, oral or written, express or implied;

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• deposit

  deposit

  Defined · s 2

  "deposit" means a sum of money received or paid on terms— (a) under which it will be repaid, with or without interest or at a premium or discount; or (b) under which it is repayable, either wholly or in part, with any consideration in money or money's worth, and such repayment being either on demand or at a time or in circumstances agreed by or on behalf of the person making the payment and the person receiving it, regardless whether the transaction is described as a loan, an advance, an investment, a saving, a sale or a sale and repurchase, but does not include money paid bona fide- (A) by way of an advance or a part payment under a contract for the sale, hire or other provision of property or services, and is repayable only in the event that the property or services is not or are not in fact sold, hired or otherwise provided; (B) by way of security for the performance of a contract or by way of security in respect of any loss which may result from the non-performance of a contract; (C) without prejudice to paragraph (B), by way of security for the delivery up or return of any property, whether in a particular state of repair or otherwise; and (D) in such other circumstances, or to or by such other person, as specified in the First Schedule;

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• licensed bank

  licensed bank

  Defined · s 2

  "licensed bank" means a bank licensed or deemed to be licensed under section 6 (4);

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• licensed discount house

  licensed discount house

  Defined · s 2

  "licensed discount house" means a discount house licensed under section 6 (4);

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• licensed finance company

  licensed finance company

  Defined · s 2

  "licensed finance company" means a finance company licensed or deemed to be licensed under section 6 (4);

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• licensed institution

  licensed institution

  Defined · s 2

  "licensed institution" means any institution licensed or deemed to be licensed under section 6 (4);

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• licensed merchant bank

  licensed merchant bank

  Defined · s 2

  "licensed merchant bank" means a merchant bank licensed or deemed to be licensed under section 6 (4);

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• person

  person

  Defined · s 2

  "person" includes an individual, any corporation, statutory body, local authority, society, trade union, co-operative society, partnership and any other body, organization, association or group of persons, whether corporate or unincorporate;

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