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deferred share

  1. (1) (other than in CREDS and COMP) in relation to a building society, a deferred share as defined in the Building Societies (Deferred Shares) Order 1991.74
  2. (2) (in CREDS and COMP 5.3.1 R (2)(cA)) in relation to a Great Britain credit union,75 means any share of a class defined as a deferred share by section 31A of the Credit Unions Act 1979.74