Section 559 — Corporation Tax Act 2009: Minor definitions

Minor definitions 559 In this Chapter— “advance”—

in the case of a creditor repo, has the same meaning as in section 543, in the case of a creditor quasi-repo, has the same meaning as in section 544, in the case of a debtor repo, has the same meaning as in section 548, and in the case of a debtor quasi-repo, has the same meaning as in section 549, “ arrangement ” includes any agreement or understanding (whether or not it is legally enforceable), “ creditor quasi-repo ” has the meaning given by section 544, “ creditor repo ” has the meaning given by section 543, “ debtor quasi-repo ” has the meaning given by section 549, “ debtor repo ” has the meaning given by section 548, “ discharge ”, in relation to a liability, means the discharge of the liability in whole or in part (and “discharged” is to be read accordingly), “ overseas dividend ”, in relation to overseas securities, means any interest, dividend or other annual payment payable in respect of the securities, and “ overseas securities ” means shares, stock or other securities issued by—

a government or public or local authority of a territory outside the United Kingdom, or any other body of persons not resident in the United Kingdom.