Words / N / Law

notifiable transaction

phrase/ˈnəʊtɪfaɪəbl trænˈzækʃn/

C1CEFR level
75/100Rarity: rare
TechnicalRegister

A concentration that exceeds the turnover or share-of-supply thresholds and must be notified to the competent authority before completion.

Because the turnover thresholds were met, the deal was a notifiable transaction requiring prior clearance.

Similar: reportable transaction

Topic: Competition & antitrust in Legal English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More law words: Competition & antitrust