How is Corporate Account defined in a legal contract?
- Corporate Account means an account opened and managed by a [organization]. Seen in 15 SEC filings.
- Corporate Account means each of [number] deposit accounts ending in [number] and [number] in the name of the Lead Borrower and I & J [organization], respectively, at a [bank name] so long as such accounts exist, which accounts shall have, at the end of any day, in the aggregate for all such accounts, a balance not to exceed all outstanding checks written against such. Seen in 4 SEC filings.
Unfortunately, some definitions have been skipped or couldn't be revised due to their dependence on specific organizations, agencies, or individuals. Only generic definitions usable in any legal context globally have been provided.
Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
Corporate Account means an account, typically with a financial institution, operated by an [organization] for business purposes.
Relevant Contract Types
Relevant Circumstances
- When forming a new partnership
- When leasing property for business operations
- When discussing potential business deals with other companies
Relevant Sectors
Genie Definition 2
Corporate Account means an [organization's] deposit accounts at a designated [financial institution], capped at the aggregate value of outstanding checks against them.
Relevant Contract Types
Relevant Circumstances
- When a company is seeking financing for its operations
- When a company is buying or selling assets
Relevant Sectors
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Corporate Account means an account, typically with a financial institution, operated by an [organization] for business purposes.
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