in book-entry form;
"deposit" means a certain sum of money paid to a person, whether or not evidenced by any entry in a
record of the person receiving the sum, on terms under which the deposit will be repaid or transferred to
another account, with or without interest or a premium, either on demand or at a time or in circumstances
agreed to by or on behalf of the depositor and that person;
"designated branch manager" means a person notified to the CBI pursuant to paragraph (1),
sub-paragraph (d) of Article 6 as being responsible for the operations in Iraq of a foreign bank;
"dinar" means the Iraqi dinar;
"domestic", when applied to a juridical person, means a juridical person whose head office is located in
Iraq, and when applied to an office, means an office located in Iraq;
"dormant account" has the meaning given in Article 37;
"fit and proper person" means a person who is regarded as honest and trustworthy and whose
professional qualifications, background and experience, financial position, or business interests do not
disqualify that person in the judgment of the CBI to be an owner, administrator, senior bank official,
conservator, or receiver of a bank, provided, however, that no person shall be regarded as a fit and proper
person if the person:
(i) has been convicted by a criminal court of an offense for which the person was or could
have been sentenced to imprisonment for a term of one year or more without the option of a fine unless
such sentence was or would have been motivated by his or her religious or political views or activities;
(ii) has been declared bankrupt by a court of law within the past seven years;
(iii) has been disqualified or suspended by a competent authority from practicing a profession on grounds
of personal misconduct unrelated to his or her religious or political views or activities; or
(iv) has been declared unfit to manage a company by a court of law or under an order issued by a
competent agency;
"list" means the list of the names of banks in the register of banks published by the CBI;
"foreign", when applied to a juridical person or office, means a juridical person or office that is not a
domestic juridical person or office;
"person" means a natural person or a juridical person, or both;
"qualifying holding" means a direct or indirect holding by a person acting alone or through or in concert
with one or more other persons in an undertaking which represents ten percent or more of the capital or
the voting rights or which makes it possible to exercise significant influence over the management of the
undertaking in which the holding exists, as the CBI may determine;
"related person", in relation to a bank, means:
(i) any administrator of the bank;