Jurisdiction(s):
United Kingdom

Key definition

Completion definition

What does Completion mean? In legal practice, Completion is the point at which a transaction is finally effected, sometimes called 'closing' in cross‑border deals: consideration is paid and title, assets or rights are transferred after all conditions precedent are satisfied or waived and the required completion documents are delivered. Not generally defined by legislation, it is a contractual expression used across conveyancing, corporate/M&A and finance, informed by common law. Key features include a completion date/time; completion mechanics (agenda or checklist); execution and delivery of transfers and ancillary documents; release of funds (often against undertakings); and, where relevant, escrow or virtual completion. Completion usually fixes when...

Managing conditions subsequent in loan transactions: post-completion checklists, deadlines and compliance for lender and borrower lawyers

Published by a LexisNexis Banking & Finance expert

Practice notes

In certain situations, a transaction will require particular obligations to be met after completion. These are known as ‘conditions subsequent’. This may stem from the terms of:

the finance documents (e.g. where it was always intended that some lender-imposed requirements could only be met following completion), or
a waiver or amendment letter (i.e. where specific conditions precedent were not met at completion and the lender agreed to waive them for a defined period)

It is in the interests of both the lender(s) and the borrower to ensure that the conditions subsequent are satisfied within any timeframe set by the lender(s).

Lawyers acting for the lender(s)

The lender(s) will be keen to confirm that any conditions subsequent are discharged within the relevant deadline. The lawyers acting for the lender(s) should:

review the finance documents to identify whether any conditions subsequent apply
if there is a

...

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Web page updated on 21/05/2026

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