In this Agreement, the following terms shall have the meaning ascribed to it below, unless the context requires otherwise;
“Account” means the Customer’s user account with the Company.
“Agreement” means this Savings Agreement, including the Schedules and Annexures attached hereto, as the same may be amended, modified or supplemented from time to time.
“Applicable Laws” means any applicable law, regulations, administrative orders, constitution, principles of law, governmental policies, statute, or treaty, and shall include notifications, regulations, policies, guidelines, circulars, directions, directives and orders of any governmental authority, statutory authority, superior courts of record or tribunal having jurisdiction over the Parties or this Agreement.
“Business Day” means a day other than a Saturday, Sunday, or public holiday in the Federal Republic of Nigeria.
“Deposit” means any deposit of money made by the Customer or on the Customer’s behalf into an Account.
“Financial Institution” means a licensed deposit money bank or authorized financial institution in Nigeria.
“Linked External Account” means an account domiciled in a Financial Institution to which the Customer’s Account is linked.
“Mobile Application” means the application software that enables access to Company’s Platform, through which it is possible to register as a user and manage your account, save and apply for loan facilities.
“Platform” means the Customer’s online, mobile application, web-based platform through which it provides its services to its users.
“Tenure” means the agreed upon fixed tenure for Deposits