: In this Act, unless the subject or the context requires otherwise,-
(a) "Chairman" means the Chairman of the Committee (b) "Loan protection" means credit protection provided by any bank or financial institution or financial intermediation organization and the term includes livestock protection.
(c) "Fund" means the Deposit and Credit Protection Fund established under section 3.
(d) “Acceptable deposit” means all types of deposits of natural persons as defined in this Act.
(e) "Third party deposit account" means an account operated by a third party beneficiary other than a person having a deposit account in a bank or financial institution under the signature of himself or his legal representative.
(f) “as prescribed or as prescribed” means as prescribed or as prescribed in the rules or regulations made under this Act.
(g) "Deposit" means the amount deposited in the current, savings or term account of a bank or financial institution and the term also refers to other amounts accepted by the bank or financial institution through various financial instruments specified by Nepal Rastra Bank from time to time.
(h) "Deposit account" means a current, savings or term account with a bank or financial institution licensed by Nepal Rastra Bank.
(i) “Deposit amount” means the amount deposited in any currency in the deposit account of a natural person.
(j) "Bank or financial institution" means a commercial bank or financial institution licensed in accordance with prevailing laws relating to banks and financial institutions.
(k) “Ministry” means Government of Nepal, Ministry of Finance (l) “Origin"Calculation date" means the date of calculation of the amount of the annual security fee and the amount to be deposited as specified in this Act.
(d) "Payment" means the payment of a secured deposit as prescribed by the Fund subject to this Act.
(d) "Member" means a member of the Committee and the term includes the Chairman.
(n) "Member institution" means a bank or financial institution that has received membership to protect loans designated by the Fund or an institution that acts as a financial intermediary.
(s) "Committee" means the Board of Directors of the Fund constituted under Section 8.
(q) "Security fee" means a fee to be paid to the fund for securing a deposit or loan and the term also refers to a special contribution to be paid to the deposit.
(d) "Protected deposit" means the deposit of a natural person protected under this Act by the Fund in accordance with section 19.
(d) "Protected Member Institution" means a bank or financial institution that collects deposits protected by the Fund in accordance with this Act. (n)           “Secured Depositor” means a natural person operating an account alone or jointly or receiving payment as a third party to a deposit account.
(p)           "Joint deposit account" means an account operated by the joint signature of two or more persons in a bank or financial institution.
(f)         “Financial liquidation” means the liquidation of a bank or financial institution by Nepal Rastra Bank.