deposit "deposit" means a sum of money received or paid on terms:- (a) under which it will be repaid, with or without interest or at a premium or discount; (b) under which it is repayable, either wholly or in part, with any consideration in money or money's worth, and such repayment being either on demand or at a time or in circumstances agreed by or on behalf of the person making the payment and the person receiving it, regardless whether the transaction is described as a loan, an advance, an investment, a saving, a sale or a sale and repurchase, but does not include money paid bona fide:- (A) by way of an advance or a part payment under a contract for the sale, hire or other provision of property or services, and is repayable only in the event that the property or services is not or are not in fact sold, hired or otherwise provided; (B) by way of security for the performance of a contract or by way of security in respect of any loss which may result from the non-performance of a contract; (C) without prejudice to paragraph (B), by way of security for the delivery up or return of any property, whether in a particular state of repair or otherwise; and (D) in such other circumstances, or to or by such other person, as the Authority may specify; ACT 704 - LABUAN FINANCIAL SERVICES AND SECURITIES ACT 2010 86. Interpretation.
deposit "deposit" means a sum of money received or paid on terms in compliance with Shariah principles:- (a) under which it will be paid or repaid, with or without profits or at a premium or discount; or (b) under which it is payable or repayable, either wholly or in part, with any consideration in money or money's worth, and such payment or repayment being either on demand or at a time or in circumstances agreed by or on behalf of the person making the payment and the person receiving it, regardless whether the transaction is described as a financing, an advance, an investment, a saving, a sale or a sale and repurchase, but does not include money paid bona fide:- (A) by way of an advance or a part payment under a contract for the sale, hire or other provision of property or services, and is repayable only in the event that the property or services is not or are not in fact sold, hired or otherwise provided; (B) by way of security for the performance of a contract or by way of security in respect of any loss which may result from the non-performance of a contract; (C) without prejudice to paragraph (B), by way of security for the delivery up or return of any property, whether in a particular state of repair or otherwise; and (D) in such other circumstances, or to or by such other person, as the Authority may specify; ACT 705 - LABUAN ISLAMIC FINANCIAL SERVICES AND SECURITIES ACT 2010 60. Interpretation.
deposit "deposit" means a sum of money received or paid on terms- (a) under which it will be repaid, with or without interest or at a premium or discount; or (b) under which it is repayable, either wholly or in part, with any consideration in money or money's worth, and such repayment being either on demand or at a time or in circumstances agreed by or on behalf of the person making the payment and the person receiving it, regardless whether the transaction is described as a loan, an advance, an investment, a saving, a sale or a sale and repurchase, but does not include money paid bona fide- (A) by way of an advance or a part payment under a contract for the sale, hire or other provision of property or services, and is repayable only in the event that the property or services is not or are not in fact sold, hired or otherwise provided; (B) by way of security for the performance of a contract or by way of security in respect of any loss which may result from the non-performance of a contract; (C) without prejudice to paragraph (B), by way of security for the delivery up or return of any property, whether in a particular state of repair or otherwise; and (D) in such other circumstances, or to or by such other person, as specified in the First Schedule; ACT 372 - BANKING AND FINANCIAL INSTITUTIONS ACT 1989 2. Interpretation.
deposit (3) For the purposes of this section, the DEFINITION of "deposit" in section 2 is modified by- (a) substituting for the words "received or paid", the words "or any precious metal, or any precious stone, or any article which is comprised, in part or in whole, of any precious metal or precious stone, and any other article or thing as may be prescribed by the Minister, on the recommendation of the Bank, received, paid or delivered"; (b) by inserting after the words "repaid", "repayable", "repayment" and "payment" the words "or returned", "or returnable", "or return", and "or delivery", respectively. ACT 372 - BANKING AND FINANCIAL INSTITUTIONS ACT 1989 25. Receiving, taking or acceptance of deposits prohibited, except under and in accordance with a valid licence granted under section 6 (4).
deposit "deposit" means— (a) a conventional deposit; or (b) an Islamic deposit; ACT 642 - MALAYSIA DEPOSIT INSURANCE CORPORATION ACT 2005 2. Interpretation.
deposit " deposit" means a sum of money- (a)received or paid on terms under which it will be repayable, with or without return or interest or at a premium or discount; or (b)received or paid on terms under which it will be repayable, either wholly or in part, with any consideration in money or money's worth, and such repayment being either on demand or at a time or in circumstances agreed by or on behalf of the person making the payment and the person receiving it, regardless whether the transaction is described as a loan, an advance, an investment, a saving, a sale or a sale and repurchase, but does not include money paid bona fide- (i) by way of an advance or a part payment under a contract for the sale, hire or other provision of property or services, and is repayable only in the event that the property or services is not or are not in fact sold, hired or otherwise provided; (ii) by way of security for the performance of a contract or by way of security in respect of any loss which may result from the non-performance of a contract; and (iii) without prejudice to subparagraph (ii), by way of security for the delivery up or return of any property, whether in a particular state of repair or otherwise, and shall include the money deposited by any person with a Co-operative society in a fixed deposit account or a savings account or other deposit account but does not include a share, subscription or specific savings; ACT 502 - CO-OPERATIVE SOCIETIES ACT 1993 2. Interpretation.
deposit "deposit" means:- (a) a conventional deposit; or (b) an Islamic deposit; ACT 720 - MALAYSIA DEPOSIT INSURANCE CORPORATION ACT 2011 2. Interpretation.
deposit "deposit" means the money deposited by any person with a registered society in a fixed deposit account, a savings account or other deposit account but does not include a share or a subscription; ACT 287 - CO-OPERATIVE SOCIETIES ACT 1948 (REVISED - 1983) 2. Interpretation.
See Also: Translator EN-BM