Section 26: Interpretation.

In this Act, unless the context otherwise requires-
"approved auditor" means the person appointed and approved as such pursuant to section 16 of this Act;
"deposits" means moneys lodged by the general public with any person for safe keeping or for the purpose of earning interest or dividend whether or not such moneys are repayable upon demand, upon a given period of notice or upon a fixed date;
"director" includes any person by whatever name he may be referred to, carrying out or empowered to carry out substantially the same functions of a director in relation to the direction of a company registered under the Companies and Allied Matters Act;
"license" means a license granted under this Act;
"Minister" means the Minister charged with responsibility for matters relating to works and housing;
"Mortgage Bank" or "Federal Mortgage Bank" means the Federal Mortgage Bank of Nigeria established by the Federal Mortgage Bank of Nigeria Act;
"mortgage business" means the business of accepting deposits from members of the public for the purpose of granting mortgage loans and advances for the purchase, construction, improvement and extension of houses;
"mortgage institution" means any company licensed to carry on mortgage business under this Act.