Bills of Exchange Act 1882

2 Interpretation of terms

In this Act, unless the context otherwise requires,—

• " 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, and "note" means promissory note.

• " 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.

• " 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.

• " Person " includes a body of persons whether incorporated or not.

• " Value " means valuable consideration.

• " Written " includes printed, and " writing " includes print.