credit transaction

 

means any transaction, whatever its form may be, and whether or not it forms part of another transaction, by which--

a)a credit grantor sells or supplies to a credit receiver movable property or services, against payment by the credit receiver to the credit grantor of a sum of money; or
b)a credit grantor transfers or grants to a credit receiver the use or enjoyment of movable property or services against payment by the credit receiver to the credit grantor of a sum of money.