How is Branch Deposit defined in a legal contract?
- Branch Deposit means a deposit that includes accrued interest, which has been created or assigned to any branch office, excluding certain specific excluded deposits. Seen in 2 SEC filings.
- Branch Deposit means a repurchase agreement or deposit, which includes accrued interest, that has been initiated or connected to a certain branch office, with the exception of certain specific excluded deposits. Seen in 1 SEC filing.
- Branch Deposit means a deposit that includes accrued interest, created or assigned to the branch offices, with the exception of certain deposits specifically deemed as excluded. Seen in 1 SEC filing.
- Branch Deposit means a deposit including accumulated interest, initiated or attributed to a specified branch office, apart from specific excluded deposits; a branch loan indicates any loan fully covered by any branch deposit. 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
- Branch Deposit means a deposit, including accrued interest, made or assigned to any branch office, excluding specified excluded deposits.
Relevant Contract Types
Relevant Circumstances
- Opening of a new branch office.
- Restructuring of a financial organization.
- Establishment of a franchise.
- Acquisition of a business with branch deposits.
Relevant Sectors
Genie Definition 2
- Branch Deposit means a loan fully secured by any branch deposit or a deposit connected to a repurchase agreement.
Relevant Contract Types
Relevant Circumstances
- Securing a loan through a branch deposit.
- Establishing a repurchase agreement involving a branch deposit.
- Acquisition of assets including branch deposits.
Relevant Sectors
Are you creating, reviewing or negotiating a document?
Genie is the way the world agrees. Know market standards, set your rules, and close deals 70% faster by autotransacting on standard terms while negotiating only what matters.
Whether you're creating from scratch, need a trusted template, want to edit or review an existing document or get simple explanations to complex legal questions, try Genie for free.
Whether you're creating from scratch, need a trusted template, want to edit or review an existing document or get simple explanations to complex legal questions, try Genie for free.
