# Renting Homes (Wales) Act 2016, Section 47: Deposit schemes: interpretation


(1) In this Act—
“authorised deposit scheme” (“cynllun blaendal awdurdodedig”) means a deposit scheme in force in accordance with arrangements under paragraph 1 of Schedule 5 (and “deposit scheme” (“cynllun blaendal”) has the meaning given in sub-paragraph (2) of that paragraph);
“deposit” (“blaendal”) means money paid as security;
“initial requirements” (“gofynion cychwynnol”), in relation to an authorised deposit scheme, means the requirements of the scheme which must be complied with by the landlord when a deposit is paid;
“security” (“sicrwydd”) means security for the performance of the contract-holder's obligations and the discharge of the contract-holder's liabilities.
(2) In this Act references to a deposit, in relation to a time after a deposit has been paid, are to a sum representing the deposit.

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Source: https://www.legislation.gov.uk/anaw/2016/1/section/47 (the official version)
Page: https://openlegislation.uk/renting-homes-wales-act-2016/section-47
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.