In this Act, if not inconsistent with the context,—
Acceptance means an acceptance completed by delivery or notice
Action includes counterclaim 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 payable to bearer
Bill means bill of exchange, and note means promissory note
Business day means any day that is not a non-business day
“Business day”: this definition was inserted, as from 1 January 1980, by section 2 Bills of Exchange Amendment Act 1979 (1979 No 3).
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
Non-business day means any Saturday or Sunday or any bank holiday (not being a part holiday) within the meaning of the Banking Act 1982; and includes, in respect of any bank premises, every day on which those premises are not open for business
“Non-business day”: this definition was inserted, as from 1 January 1980, by section 2 Bills of Exchange Amendment Act 1979 (1979 No 3).
Non-business day: the reference to the Banking Act 1982 was substituted, as from 16 December 1982, for a reference to the Banking Act 1908 pursuant to section 15 Banking Act 1982 (1982 No 144).
Value means valuable consideration.