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GT Shield
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.