Artikel 2

For the purposes of the present Agreement and of Annex I thereto:
1. “bilateral Agreement” shall hereinafter mean an Agreement entered into in pursuance of Article 13;
2. “annual transfer” shall have the meaning defined in paragraph (a) of Article 7;
3. “creditor” shall have the meaning defined in paragraph (a) of Article 3;
4. “debtor” shall have the meaning defined in paragraph (a) of Article 3;
5. “debt” shall mean any debt, as qualified in Article 3, which will be settled under the present Agreement;
6. “debt to United States creditors” shall mean a debt of any of the categories defined in Article 3 which, however, is owed to a person resident in the United States of America;
7. “duly authorised by the Turkish authorities” shall mean authorised by the competent Turkish authorities in conformity with the Turkish laws, rules and regulations as interpreted by them when the corresponding authorisation or licence was granted;
8. “appropriate institution” of a Contracting Party shall mean the Central Bank or other institution designated for the purposes of the present Agreement in a bilateral Agreement;
9. “moratorium interest” shall have the meaning defined in paragraph (a) of Article 10;
10. “contractual moratorium interest” shall have the meaning defined in paragraph (b) of Article 10;
11. “appropriate currency” shall have the meaning defined in paragraph (d) of Article 5;
12. “total amount of annual transfers” shall have the meaning defined in paragraph (b) of Article 7;
13. “parity” shall have the meaning defined in paragraph (d) of Articled;
14. “creditor country” shall mean a country, other than the Republic of Turkey, the Government of which is a Contracting Party to the present Agreement and shall include any territory for the international relations of which the Contracting Party concerned is responsible; “all the creditor countries” shall refer to the countries of all the Contracting Parties other than the Turkish Government, but shall also include the United States of America;
15. “instalment scheme” shall mean the arrangements which are established by the present Agreement;
16. “payment in the process of transfer” shall mean a payment, in appropriate currency, of which the Turkish Government shall ensure the transfer in accordance with Article 6 to the extent that its transfer has not taken place; it shall, however, include, until they should have been transferred in accordance with Article 8, any payments the counterpart of which has been used in Turkey by virtue of Article 9;
17. “31st December” of any year, used as a reference date, shall refer to the position of accounts as at close of business on that date.