In force2006 Revised EditionCurrent version · 2006 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
This Act may be cited as the Deposit Insurance Act.
deposit
Defined · s 2
“deposit” means a sum of money paid on terms —(a)under which it will be repaid, with or without interest or a premium, or with any consideration in money or money’s worth, either on demand or at a time or in circumstances agreed by or on behalf of the person making the payment and the person receiving it; and(b)which are not referable to the provision of property or services or to the giving of security;