advance paymenthas the same meaning as in section 11;
businessincludes a profession and the activities of any government department or local or public authority;
conductincludes any act or omission.
consumer credit agreementhas the same meaning as in the Consumer Credit Act 1974;
contractmeans a contract falling within section 2(1);
contract pricemeans the price in a contract of sale of goods or the money consideration referred to in section 2(2)(b) in any other contract for the supply of goods or services;
contract termmeans a term of the contract relating to a sum due to the supplier under this section.
contractual remedymeans a contractual right to interest or any contractual remedy other than interest;
contractual right to interestincludes a reference to a contractual right to charge interest;
enactmenthas the same meaning as in section 126(1) of the Scotland Act 1998;
foreign lawmeans the law of a country outside the United Kingdom.
public authoritymeans a public authority within the meaning of the Procurement Act 2023 (see section 2 of that Act) that is not— (a) an excluded authority within the meaning of section 2(5)(a), (c) or (d) of that Act, but as if in section 2(5)(d)(ii) the reference to paragraph (b) were omitted, or (b) the Common Council of the City of London other than for the purposes of its functions as a local authority, police authority or port health authority.
purchasermeans (subject to section 13(2)) the buyer in a contract of sale or the person who contracts with the supplier in any other contract for the supply of goods or services;
qualifying debtmeans a debt falling within section 3(1);
statutory interestmeans interest carried by virtue of the term implied by section 1(1);
suppliermeans (subject to section 13(2)) the seller in a contract of sale of goods or the person who does one or more of the things mentioned in section 2(3) in any other contract for the supply of goods or services.