Part 17Definitions for purposes of Act and final provisions

Definitions for the purposes of Act

1019Meaning of “certificate of deposit”

In this Act “certificate of deposit” means a document—

a

relating to the deposit of money in any currency,

b

recognising an obligation to pay a stated principal amount to bearer or to order, with or without interest, and

c

by the delivery of which, with or without endorsement, the right to receive that stated amount, with or without interest, is transferable.