56. How pledge may be redeemed

Terms defined in this Act

• identification information

  identification information

  Defined · s 2

  “identification information” means —(a)in relation to an individual —(i)the individual’s full name (including any alias);(ii)the individual’s address in Singapore for the service of any notice or document for the purposes of this Act;(iii)the individual’s country of citizenship;(iv)if the individual is a citizen or permanent resident of Singapore, the individual’s Singapore identity card number;(v)if the individual is not a citizen or permanent resident of Singapore, the individual’s foreign passport number; and(vi)where provided by the individual, the individual’s telephone number or email address (or any other means by which the individual can be contacted); or(b)in relation to an entity —(i)its full name;(ii)the address of its registered office or place of business in Singapore;(iii)its legal form;(iv)its place of incorporation or registration;(v)if it is incorporated or registered in Singapore, its unique entity number;(vi)if it is not incorporated or registered in Singapore, its foreign incorporation or registration number; and(vii)where provided by the entity, its telephone number or email address (or any other means by which it can be contacted);

  Open s 2
• pawn

  pawn

  Defined · s 3

  “pawn” means to give possession of goods to a lender of money as security for the repayment of a loan;

  Open s 3
• pledge

  pledge

  Defined · s 3

  “pledge” means goods that are taken into possession by a lender of money as security for the repayment of a loan.

  Open s 3
• profit

  profit

  Defined · s 2

  “profit”, in relation to a loan secured by a pledge, includes interest on the loan;

  Open s 2