Section 2Part 1 — Introductory
Definitions
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In this Act —
“acceptance” means an acceptance completed by delivery or notification;
“action” includes counter-claim and set-off;
“banker” includes a body of persons, whether incorporated or not, who carry on the business of banking;
“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;
“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;
“holiday” means and includes any day appointed by law or the Cabinet, to be kept as a public holiday, or as a day of fast or thanksgiving, but not Christmas Day or Good Friday;
“indorsement” means an indorsement completed by delivery;
“issue” means the first delivery of a bill or note, complete in form, to a person who takes it as a holder;
“month”, in a bill, means a calendar month;
“non-business day” means Saturday, Sunday, Good Friday, Christmas Day or any holiday, and any other day is a business day;
“note” means promissory note;
“person” includes a body of persons, whether incorporated or not;
“value” means valuable consideration;
“writing” includes print; and
“written” includes printed.
Defined Terms
acceptanceactionbankerbankruptbearerbilldeliveryholderholidayindorsementissuemonthnon-business daynotepersonvaluewritingwritten