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...

Lawyers' guide to post-completion in loan transactions: perfecting security, conditions subsequent, documentation, undertakings, roles and billing

Published by a LexisNexis Banking & Finance expert

Practice notes

timing

This phase follows the Signing and completion phase in loan transactions. It is intended to be brief, with post-completion tasks finalised promptly, though it can frequently run on longer than anticipated.

What happens during this phase?

A range of actions may be needed after completion of a loan transaction, some are legal in character and others administrative.

Secured transactions

After executing the security documents, additional measures are often required to ‘perfect’ the security. Perfection is the process that makes the security enforceable against specified third parties (though not invariably every third party) (see Practice Note: Perfecting security—Why is it necessary to perfect security?). Perfection may be obtained by several methods, and the appropriate approach for a given security interest will depend on:

the type of entity...

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Web page updated on 21/05/2026

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