“Lending arrangement” definition of section 24J of ITA

“lending arrangement” means any arrangement or agreement in terms of which

 

(a)     a person (in this section referred to as the lender) lends any instrument to another person (in this section referred to as the borrower); and

 

(b)     the borrower in return undertakes to return any instrument of the same kind and of the same or equivalent quantity and quality to the lender;