Amendment status not verified — confirm the current text below against the official source.
Definitions – In this Act, unless the context otherwise requires, - (a) ‘agriculture’ with its grammatical variations and cognate expressions includes,- (i) horticulture; (ii) the raising of crops (including plantation crops), grass or garden produce; (iii) dairy farming; (iv) poultry farming; (v) breeding of live stock and bees; (vi) grazing; (b) ‘agricultural land’ means land used for purposes of agriculture and which is assessed by the Government to land revenue but not being land appurtenant to a residential building situate within a Municipality or Cantonment; 3 (c) ‘Creditor’ means a person but does not include a Commercial Bank established under the Banking Regulation Act, 1949 or a Co-operative Credit institution registered under the Andhra Pradesh Co-operative Societies Act, 1964 (Act 7 of 1964) or the Andhra Pradesh Mutually Aided Co-operative Societies Act, 1995 (Act No.30 of 1995) from or in respect of whom the debtor has borrowed or incurred a debt and includes his heirs, legal representatives and assigns; (d) ‘debt’ includes any liability owing to a creditor in cash or in kind, whether secured or unsecured payable to any Money lender or to a creditor; (e) ‘Money Lender’ means a person but does not include a Commercial Bank established under the Banking Regulation Act, 1949 or a Co-operative Credit Institution registered under the Andhra Pradesh Co-operative societies Act, 1964 or the Andhra Pradesh Mutually Aided Co-operative Societies Act, 1995 whose main or subsidiary occupation in a business of advancing and realizing loans or acceptance of deposits in course of such business; (f) ‘Moratorium’ means a legal authorisation to a debtor to postpone payment for a certain time.