Credit Contracts and Consumer Finance Act 2003 No 52 (as at 30 August 2011), Public Act

6 Meaning of credit
  • In this Act, unless the context otherwise requires, credit is provided under a contract if a right is granted by a person to another person to—

    • (a) defer payment of a debt; or

    • (b) incur a debt and defer its payment; or

    • (c) purchase property or services and defer payment for that purchase (in whole or in part).