Prescribed Rate of Interest Act, 1975 (Act No. 55 of 1975)

In this Act, unless the context indicates otherwise—

"court of law"

means a court having jurisdiction in respect of the matter in question;

"demand"

means a written demand setting out the creditor's claim in such a manner as to enable the debtor reasonably to assess the quantum thereof.

[Section 4 substituted by section 2 of Act No. 7 of 1997, GG 17914 dated 11 April 1997]]