Section 1 - General Provisions Article 1 Definitions For the purposes of this Law, the following terms shall have the meanings indicated below: "administrator" means, with respect to a domestic bank, any person who is a member of the board of directors, authorized manager or member of the audit committee of the bank, and, with respect to a foreign bank, a designated branch manager; "affiliate" means a company that controls a bank, any other company that is controlled by the company that controls the bank, and any other company as determined pursuant to criteria specified in regulation by the CBI; "authorized manager" means a person responsible for the management of the day-to-day operations of the bank; "bank" means a person engaged in banking business including a state company organized under Law No. 22 of 1997 on State Companies; "bank holding company" means a company that owns or controls a bank; "banking activities" means the activities that are listed in Article 27; "banking business" means the business of receiving deposits of money or other repayable funds from the public for the purpose of making credits or investments for its own account; "branch" means a place of business forming a legally dependent part of a bank where all or some banking activities are conducted; for the purposes of this Law all domestic branch offices of a foreign bank shall be treated as a single branch office and all communications from the CBI to any such branch office may be validly made to the branch office designated by the foreign bank to the CBI for this purpose, or failing such notification, to a branch office selected by the CBI; "bridge bank" means a bank referred to in Article 67A; "CBI" means the Central Bank of Iraq; "control" is deemed to exist over another company if a person: (i) directly or indirectly, or acting through one or more persons owns, controls or has the power to vote 25 percent or more of the voting shares of the company; (ii) has the power to elect a majority of the directors of the company; or (iii) exercises a controlling influence as the CBI may determine. "credit" means any disbursement or commitment to make a disbursement of a sum of money in exchange for the right to repayment of the amount disbursed and outstanding and to payment of interest or other charges on such amount, whether secured or unsecured, any extension of the due date of a debt, any guarantee issued, and any purchase of a debt security or other right to payment of a sum of money that may provide for the payment of interest either directly or by a discounted purchase price; "debt security" means any negotiable instrument of indebtedness and any other instrument equivalent to such instrument of indebtedness, and any negotiable instrument giving the right to acquire another negotiable debt security by subscription or exchange; negotiable debt securities may be in certificated or