17. In this Schedule—
“bridge bank” is a company wholly owned by the Bank of England to which all or part of the business of a deposit-taking bank may be transferred in accordance with section 12 of the Act;
“residual bank” means the non-sold or non-transferred part of the deposit-taking bank which remains after a power in section 11 (sale to private sector purchaser) or section 12 (transfer to bridge bank) of the Act has been exercised in respect of that bank;
“Objective A” has the meaning set out in paragraph 3(1)(a);
“Objective A Achievement Notice” has the meaning set out in paragraph 3(3);
“private sector purchaser” means a commercial purchaser to whom part of the business of the deposit-taking bank is sold to in accordance with section 11 of the Act; and
“statement” means the statement of proposals drawn up in accordance with paragraph 7.