Interpretation

In this Act, unless the context otherwise requires, “acceptance” means an acceptance completed by delivery or notification; “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 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; 9 “endorsement” means an endorsement completed by delivery; “holder” means the payee or endorsee of a bill or note who is in possession of it, or the bearer thereof; “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.