In these rules, unless the context otherwise requires :-
- the 'Act' means the Kerala Local Authorities Loans Act, 1963 (Act 30 of 1963);
- "Government Loan" means a loan taken by a local authority from the Government funds;
- "loan" means a loan made, taken or raised under the Act;
- "non-Government loan" means a loan raised otherwise than from Government funds;
- "term of a loan" means the period elapsing between the date on which the loan is completely made, taken or raised and the date on which it is completely repaid.