4Interpretation of terms

#### 4 Interpretation of terms In this Act, unless the context otherwise requires: > Acceptance means an acceptance completed by delivery or notification. > Action includes counter‑claim and set‑off. > Australasia means Australia, and any Territory, New Zealand, and the Fiji Islands. > Banker includes a body of persons, whether incorporated or not, who carry on the business of banking. > Bankrupt means any person whose estate is vested in a trustee or assignee under the law for the time being in force relating to bankruptcy or insolvency. > Bearer means the person in possession of a bill or note which is payable to bearer. > Bill means bill of exchange. > 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. > Note means promissory note. > Person includes a body of persons whether incorporated or not. > Value means valuable consideration. > Written includes printed, and writing includes print.