Exemption from Deposit Insurance By-Law (Prescribed Deposits)

1 The definitions in this section apply in this By-law.

Act

Act means the Canada Deposit Insurance Corporation Act. (Loi)

deposit

deposit has the meaning that would be given to it by the schedule to the Act, for the purposes of deposit insurance, if that schedule were read without reference to subsections 2(2), (5) and (6) of that schedule. (dépôt)

entity

entity has the same meaning as in section 2 of the Bank Act. (entité)

first deposit transaction

first deposit transaction means the first deposit transaction, in relation to a prescribed deposit referred to in section 2, between a person and a bank that has made an application under section 26.02 of the Act, whether that transaction took place before or after the application was made. (première opération de dépôt)