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United Kingdom
United Kingdom
Key definition
Transaction definition What does Transaction mean? A transaction describes a legally binding dealing or arrangement by which assets, securities, services or obligations are created, transferred, varied or extinguished, whether as a single step or a series of steps. In practice this includes corporate acquisitions and disposals, real estate conveyancing, lending and taking security, restructurings, derivatives and other commercial dealings. In capital markets, a transaction commonly means the purchase, sale, subscription or underwriting of a particular investment. The term is a descriptive umbrella used across multiple legal contexts rather than a term with a single statutory meaning. Specific legislation, regulatory rules and contracts may define “transaction”...
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Lenders’ guide to individuals in commercial finance: capacity and authority, representations, undue influence, and s136 LPA 1925 assignments (England and Wales)
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Practice notes
Commercial lending transactions
Commercial finance deals typically provide funding to sizeable corporate bodies, yet there are occasions when an individual is also part of the arrangement. For instance, a person may give a guarantee and/or offer security to support a business facility. This Practice Note explores the principal issues that may emerge when interacting with individuals within a commercial finance context. It reviews the kinds of steps an individual might take in such transactions and examines the individual’s capacity and authority when carrying them out. It also highlights other specific considerations when dealing with a private person in a commercial financing, including the usual representations and warranties the individual is expected to give in the finance documents, undue influence, and executing ‘legal’ assignments via powers of attorney. Please note, this Practice Note does not address scenarios where the individual concerned is the borrower. For guidance on consumer matters, see: Consumer credit regime—overview and Practice Note: When are consumer-related rules, regulations and legislation relevant to a commercial financing transaction? For material on lending to high‑net‑worth individuals, see Practice Note: Key issues. This overview concentrates on the individual’s role, permitted actions, and authority within commercial finance arrangements where companies borrow and individuals give support...
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Web page updated on 21/05/2026
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Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...
I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...
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