No" 9l?,017 Mov*sl.s (b) a Cap, 14:35 PRopERTy Sncrunrry Inr:rrnssrs receivable that is the subject of an outright transfs; c "Registry" means the system established in terrrs of section 4 to faciliate regisration of notices of mcurity interests in movable property and realisation of such interests in the event ofa default; "Collateral Registry" "deb!o/'rneans- (a) a person who creale$ a security interest to secure either tbe person's own obligation or that of another person; or (b) a buyer c ottrer transferee of the collateral who acquires his or her rights zubject to a security interest; ad (c) a fiansfenor under an outright transfer of a receivable; "deposit account" rrraus an account rnaiatained by a financial institution authorised to receive deposits from the public (excluding investnent accounts to which securities may be credited); "financial lease" means alease agreernent, includinga hire-purchase agreement, even if not nominally referred to as a lease, under which, at the end of the lease- (a) the lessee automatically becomes the owner of tlrc asset that is tlre objectofthe lease; or (t) (c) the lessee may acquire ownership of the asset by paying no mor€ than a nominal pnce; or the asset has no more than a nominal residual value; "fixed date" fircans the date fixed in terms of section 1(2) as the date of commencement of this Act; "firtul€ assetnn means a movable asset which does not gxist or which the debtor does not have rights in or the power to encumber at tlre time the security agrcement is concluded; "intangible asset" means any type of movable asset other than a tangible asset; "Minister" ilreans the Ministerof Finance and Economic Development or any other Miniser to whom the Prresident may, from time to time, assign the administation of this Act; 'tnorrcy'' m€ans bank notes andcoins issued by the Reserve Bank of Zimbabwe under the Reserve Bank of Zimbabwe Act IChapur 22;/51 or notes and coins authuised as legal tenderby any country; "movable property" or "movabte asset" means any tangible or intangible prcpefiy imluding assets tbat rnay be orare affixed to imnpvable pmperty; "notice of security interest" or "registered notice" means a notice of a swutity interest registerod in the Registy, and irrcludes an electronic communication to the Regisry of information in an initial registercd notice, an amendment notice or a cancellation notice; 'lrrorceed$" means whatever is received in respect of the collateral, ircluding what is received as a rcsult of sale or other disposition c collection, lease or licence of the collateral, civil and natural fnrits, insurance proceeds, claims arising from defects in, damage to or loss of the collateral, and proceeds ofproceeds; 'heceivable" means a right to payment of a monetary obligation, excluding a right to payment evidenced by a negotiable instrument, a right to payment of funds credited to a deposit account and a right to payment under security; "registered'" in relation to a security interest, means registercd in tk Registry; "Registrar" means the Regisuar of the Collateral Regrstry appointed in terms of section 4(3); 150