177 Interpretation

(1) In this Part —

„charge“ means any form of security interest, including, without
limitation —
(a) a charge, by way of fixed or floating charge;

(b) a mortgage;

(c) a pledge; or

(d) a hypothecation,
over property, wherever situated, other than an interest arising by
operation of law, and „chargee“ and „chargor“ shall be construed
accordingly;
„liability“ includes contingent and prospective liabilities;
„pre-existing charge“ means a charge created before the Act
commencement date by a former Act company —
(a) whether or not the charge was registered under section 101A(2)
of the former Act; and

(b) which was not discharged in full and cancelled as at the Act
commencement date;
„property“ includes immovable property, movable property, money,
goods, intellectual property and every other type of property wherever
situated and obligations and every description of interest, whether present
or future or vested or contingent, arising out of, or incidental to, property;
and
„relevant charge“ means a charge created on or after the Act
commencement date.
(2) A reference in this Part to the creation of a charge includes a reference to
the acquisition of property, wherever situated, which was, immediately
before its acquisition, the subject of a charge and which remains subject
to that charge after its acquisition and for this purpose, the date of creation
of the charge is deemed to be the date of acquisition of the property.