Valid from 28/07/2000
1For the purposes of section 161B(1) a loan “on ordinary commercial terms” means a loan—
(a)made by a person (“the lender”) in the ordinary course of a business carried on by him which includes—
(i)the lending of money, or
(ii)the supplying of goods or services on credit, and
(b)in relation to which the requirements of paragraph 2, 3 or 4 below are met.