Section 855 | Meaning of “investment” and “deposit”

(1)In this Chapter, and section 876, “investment” means a deposit with a deposit-taker.^F1

(2)In this Chapter “deposit” means a sum of money paid on terms which mean that it will be repaid (with or without interest)—

(a)on demand, or

(b)at a time or in circumstances agreed by or on behalf of the person who pays it and the person who receives it.