2. In this Act,

“acceptance” means an acceptance completed by delivery or notification;

“action” includes counter-claim and set-off;

“bank” means a bank or an authorized foreign bank within the meaning of section 2 of the Bank Act;

“bearer” means the person in possession of a bill or note that is payable to bearer;

“bill” means bill of exchange;

“defence” includes counter-claim;

“delivery” means transfer of possession, actual or constructive, from one person to another;

“endorsement” means an endorsement completed by delivery;

“holder” means the payee or endorsee of a bill or note who is in possession of it, or the bearer thereof;

“issue” means the first delivery of a bill or note, complete in form, to a person who takes it as a holder;

“non-business days” means days directed by this Act to be observed as legal holidays or non-juridical days, and any other day is a business day;

“note” means promissory note;

“value” means valuable consideration.

R.S., 1985, c. B-4, s. 2; 1999, c. 28, s. 148.