DEFINITION OF THE UNCLAIMED MONEYS

1. Moneys which are legally payable to the owner but have remained unpaid for a period of not less than two (2) years.
   
   Examples under this category are:

   Salaries, wages, bonuses, commissions and other payments due to employees;

   Dividend;

   Profits declared for distributions;

   Insurance claims which have been approved for payment;

   Bank draft, cashier's order and other documents of similar nature which validity period have lapsed;

   Fixed deposits (without automatic renewal instructions) which have matured;

   Tender deposits for which the intended purpose has been fulfilled;

   Sundry creditors or sundry debtors with credit balance.




2. Moneys standing to the credit of an account that has not been operated in whatever manner by the owner for a period of not less than seven (7) years.
   
   Examples under this category are:

   Saving account;

   Current account;

   Fixed deposit (with automatic renewal instructions).




3. Moneys to the credit of a trade account that has remained dormant for a period of not less than two (2) years.
   
   Examples under this category are:

   Trade creditors account;

   Trade debtors account with credit balance.