loan relationship

loan relationship
Broadly, a company has a loan relationship whenever:
• The company stands (whether by reference to a security or otherwise) in the position of a creditor or debtor as regards a money debt; and
• That debt is one arising from a transaction for the lending of money (section 81, Finance Act 1996).

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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