Definitions
2.  In these Regulations —
“approved annuity” means an annuity for life, purchased from an insurer, which is approved by the Board;
“approved bank” means any bank approved by the Board;
“bank” has the same meaning as in the Banking Act (Cap. 19);
“Housing and Development Board” means the Housing and Development Board established under the Housing and Development Act (Cap. 129);
“housing loan” means a loan —
(a)obtained by a member to finance or re-finance the purchase of a residential property; or
(b)to make full or periodic payments towards the repayment of a mortgage on any residential property inherited by a member if the mortgage was obtained solely for the purchase of that residential property;
“insurer” means any person registered under the Insurance Act (Cap. 142) to carry on insurance business in Singapore;
“Minister for Finance” means the Minister for Finance incorporated under the Minister for Finance (Incorporation) Act (Cap. 183);
[S 584/2007 wef 31/10/2007]
“mortgage” includes any charge on any residential property for securing the repayment of any money lent to any person;
“residential property” means any house or flat which is permitted to be used pursuant to any written law as a dwelling-house and any such house or flat which is in the course of being constructed;
“Town Council” means a Town Council established under the Town Councils Act (Cap. 329A).