Section 61: Interpretation (amended by Section 9 of the Asset Management Corporation of Nigeria (Amendment) Act, 2015)

In this Act-
"Board of the Bank" means the Board of Directors of the Central Bank of Nigeria;
"Corporation" means the Asset Management Corporation of Nigeria established pursuant to section 1 of this Act;
"court" means the Federal High Court;
"days" means working days;
"debt" means any credit facility, loan, risk asset, whether performing or non-performing, including interest thereon;
"debtor" or debtor company" means any borrower, beneficiary of an eligible bank asset and includes a guarantor of a debtor, guarantor or director of a debtor company;
"eligible bank assets" means assets of eligible financial institutions specified by the Governor as being eligible for acquisition by the Corporation pursuant to section 24 of this Act;
"eligible equity'' means shares, stock or other interest in the equity or share capital of an eligible financial institution;
"eligible financial institution" means a bank duly licensed by the Central Bank of Nigeria to carry on the business of banking in Nigeria under the Banks and Other Financial Institutions Act ; and shall include a bank or other financial institution, whose banking license has been revoked by the Central Bank of Nigeria, pursuant to the Banks and Other Financial Institutions Act;
"Governor" means the Governor of the Central Bank of Nigeria;
"hours" means working hours;
"Minister" means the Minister charged with responsibility for finance;
"tenor" when used in Part lX of this Act means a period of 10 years from the calendar year 2010 but may be extended by not more than a maximum of 5 years by the National Assembly; and
"total assets" when used in Part IX of this Act means all assets of an eligible financial institution above and/or below the balance sheet line whether contingent or otherwise.