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Section 2
Definition
In this Act, unless the subject or context requires otherwise, - (a) "Bank" shall mean the Nepal Rastra Bank established in accordance with Section 3. (b) "Committee" shall mean the Board of Directors of the Bank established in accordance with Section 14. c) "Director" shall mean a member of the Committee and the term shall mean the Governor and the Deputy Governor as well. (d) "Governor" shall mean the Governor of the Bank appointed as per Section 15. (f) "Commercial bank" means a commercial bank established in accordance with prevailing laws. The purpose is to mean a financial institution established in accordance with the prevailing law and the term also refers to an institution designated as a financial institution by the Government of Nepal by publishing a notice in the Nepal Gazette. (h) "Currency" means all types of currency notes, postal orders, postal notes, money orders, checks , draft, traveller's cheque, promissory note, bill of exchange, promissory note, credit card and the term also refers to other similar types of monetary instruments specified by the Bank by publication and broadcast of public notice as required. Note should be considered and the term also refers to coins. The bank also refers to other instruments prescribed by publishing and broadcasting public information as required. (k) "Nepali currency" means currency denominated in Nepali rupee. Currency shall mean the prescribed foreign currency. (d) "Foreign exchange" means foreign currencyShi money, all kinds of deposits, loans, balances, foreign securities payable or received in foreign currency and checks, drafts, travelers checks, electronic funds transfer, credit cards, promissory notes, bills of exchange, promissory notes in international circulation payable or payable in foreign currency shall mean And the term also refers to any other monetary instrument prescribed by the Board as required by publication and transmission of public information. and the term also refers to the act of accepting foreign exchange transactions by the bank. A bank shall mean a letter written in the name of another bank to accept a cheque, draft, hundi or promissory note in the name of such and such rupees. Certificates or transferable deposit certificates issued by an organized organization shall mean a certificate or a transferable deposit certificate, and the term shall refer to the securities or compensation related to the bond of securities specified by the Government of Nepal by publishing a notice in the Nepal Gazette, as well as the rights and rights related to the securities. (d) "exchangeable" ” shall mean the act of handing over a negotiable instrument to a person who is entitled to become a holder. (d) “Exchangeable instrument” shall mean a promissory note, bill of exchange or cheque. Sometimes it means a document signed by one person instructing another person to give this amount unconditionally to a specific person or to the person he/she has requested or to the person who comes with the letter. (c) "Affidavit"It means a document signed and given unconditionally to a specific person written on the letter or to a person whom he has requested or to the person who comes with the letter on a certain date or at the time of demand. (b) "loan" means a direct or indirect commitment to invest money and the right to recover the invested amount in return and the payment of interest or other dues on such loan, re-loan given on loan or investment security, restructuring and renewal of loan , security issued for repayment of debt and other commitments made for such repayment shall be understood and the term shall also refer to any type of debt. The term includes any other document evidencing such transaction. (i) "Debt security" means any negotiable instrument encumbered with debt and the term also includes a book entry or any other similar instrument encumbered with debt. (c) "Monetary liability" means (r) "International Accounting Standards" means international accounting standards. (l) "Employee" means a person holding a position in the Bank. As prescribed" means as prescribed or prescribed in the rules or regulations made under this Act.