# Finance Act 1981, Paragraph 2


For the purposes of the principal section and this Schedule a deposit is any sum of money paid to a person carrying on a banking business (“a deposit-taker”) on terms—
(a) under which it will be repaid either on demand or at a time or in circumstances agreed by or on behalf of the person who paid the sum and the deposit-taker; and
(b) which are not, within the meaning of subsection (6) of section 1 of the Banking Act 1979, referable to the provision of property or services or to the giving of security.

---
Source: https://www.legislation.gov.uk/ukpga/1981/35/schedule/17/paragraph/2 (the official version)
Page: https://openlegislation.uk/finance-act-1981/schedule-17/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.