Schedule 11, Paragraph 2(1)(d) of the Political Parties, Elections and Referendums Act 2000 (PPERA) explicitly defines "donation" in relation to a recognised third party to include "any money lent to the recognised third party otherwise than on commercial terms." This is a verbatim match for the claim. The claim is a straightforward statement of law, and the legislation on legislation.gov.uk confirms it precisely. There are no material qualifications or caveats that would make this inaccurate — the provision exists exactly as described. The Electoral Commission's own guidance pages also corroborate the broader framework under PPERA that non-commercial loans are treated as donations (though their general guidance pages focus more on political parties than on third-party campaigners specifically; the legislation itself, however, covers recognised third parties in Schedule 11). Sources: - Political Parties, Elections and Referendums Act 2000, Schedule 11, Paragraph 2, legislation.gov.uk — https://www.legislation.gov.uk/ukpga/2000/41/schedule/11/enacted - Electoral Commission, "Which donations are covered by the rules?" — https://www.electoralcommission.org.uk/political-party-donations-and-loans-great-britain/which-donations-are-covered-rules - Electoral Commission, "Political party donations and loans in Great Britain" — https://www.electoralcommission.org.uk/full-guidance/political-party-donations-and-loans-great-britain