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.