14. Interpretation

In this Act, unless the context otherwise requires —

“Central Bank of Sri Lanka” means the Central Bank of

Sri Lanka established under the Monetary Law Act

(Chapter 422);

“financial year” means a period of twelve months commencing on First of January and ending on

Thirty First of December;

“licensed commercial bank” means a bank licensed under the provisions of the Banking Act, No. 30 of 1988

to carry out commercial banking activities;

“Minister” means the Minister assigned the subject of

Finance;

“Monetary Board” means the Monetary Board of the

Central Bank of Sri Lanka established under the

Monetary Law Act (Chapter 422);

“pre-financing” includes financial arrangements made in advance to restructure an existing outstanding debt in order to change the conditions and terms of such debt;

“public debt” means all financial obligations attendant to loans raised or guaranteed and securities issued or guaranteed by the Government and includes interest on that debt, sinking fund charges, the repayment or amortization of debt and all expenditure in connection with the raising of the loans on the security of revenues of the Government and on the service and redemption of the debt thereby created;

“refinancing” includes the substitution of an existing outstanding debt or debts with another debt or debts; and

“Registrar” means the Registrar appointed under the provisions of the Registered Stocks and Securities

Ordinance (Chapter 420).