Legislative Dictionary - B

Judicial Dictionary


Legislative Dictionary


Bank Debt

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CategoryB
TitleBank Debt
Details

"Bank-debt" means a loan given or a financing benefit in respect of which a claim may be made by a bank company as defined in section 5(o) of the Banking Companies Act, 1991 (Act No. XIV of 1991) or by a financial institution as defined by section 2(j) of the Financial Institutions Act, 1993 (Act No. XXVII of 1993).

[See, section 2(37), the Bankruptcy Act, 1997 (Act No. X of 1997)].
Created OnJune 1, 2011, 12:20 PM
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