How is Third Party Checks defined in a legal contract?
- Third Party Checks means a check that is made payable to one entity, who then endorses it over to another entity. This endorsement allows for deposit. However, the acceptance of this check for deposit is completely up to the discretion of the [organization].
Seen in 1 SEC filing - Third Party Checks means checks that are initially designated to be paid to an entity that isn’t the [organization].
Seen in 1 SEC filing - Third Party Checks means checks that are originally made payable to a party other than the depositor who wishes to deposit the check. The availability rules in this [text] do not apply to such third-party checks.
Seen in 1 SEC filing
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
- Third Party Checks means checks payable to one entity, endorsed and deposited by another.
Relevant Contract Types
Relevant Circumstances
- Outsourcing services
- Engaging a consultant
- Facilitating payments for purchases or services
- Internal business transactions
Relevant Sectors
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Third Party Checks means checks payable to one entity, endorsed and deposited by another
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