Section 48 — Property Law Act 2007: Interpretation

48 Interpretation In this subpart, unless the context otherwise requires,— absolute , in relation to an assignment, means— (a) not conditional; or (b) not by way of charge only assignment means an instrument effecting or relating to an assignment debt includes an obligation to— (a) pay money: (b) deliver or transfer property: (c) do or not do any other thing debt owing includes an obligation that is due to be performed debtor means a person (including a trustee) who is under an obligation to pay a debt payment of a debt includes the performance of an obligation that is not an obligation to pay money thing in action — (a) means a right to receive payment of a debt; and (b) includes part of a thing in action.