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Deposit Type Instruments Regulations

Version of section 1 from 2011-11-01 to 2022-06-28:

Marginal note:Definitions

 The following definitions apply in these Regulations.

business day

business day means a day other than Saturday or a holiday. (jour ouvrable)

deposit type instrument

deposit type instrument means a product that is issued in Canada by an institution, that is related to a deposit and that specifies a fixed investment period and

  • (a) a fixed rate of interest; or

  • (b) a variable rate of interest that is calculated on the basis of the institution’s prime lending rate or bankers’ acceptance rate. (instrument de type dépôt)


institution means


interest, in relation to a deposit type instrument, includes any return payable under the instrument by an institution in respect of the deposit. (intérêt)

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