Just to extend on the #200 post description, when measuring the primary of an output transformer for example, a simplified 'lumped' model could expand the L out to have series DCR and leakage inductance parts that are in series with the signal generator interface resistance R, and the lumped C is in parallel with the transformer winding (where the voltage being transferred is either coming in or going out of).
For a step-up transformer, as per phono stage, then the lumped model that illustrates high frequency roll off is preferably changed to placing the secondary side shunt capacitance at the output terminals, with the leakage inductance and DCR being in series with the transformer winding before that shunt C.