Section 2: Interpretation

2. Interpretation In this Act— “authorised name” and “authorised address” mean respectively the business name under which, and the address at which, a moneylender is authorised by a certificate to carry on business as a moneylender; “certificate” means a certificate granted under section 6; M66 – 1 [Issue 1] Moneylenders Act “company” means a body corporate which is a moneylender; “licence” means a licence granted under section 4; “moneylender” means a person whose business is that of moneylending or who carries on, advertises, announces himself or holds himself out in any way as carrying on that business, whether or not he possesses or owns property or money derived from sources other than the lending of money, and whether or not he carries on the business as a principal or as an agent; “principal”, in relation to a loan, means the amount actually lent to the borrower. [S. 2 amended by Act 25 of 2000.]