How is Cash Loss defined in a legal contract?
- Cash Loss means the defeat, liabilities, damages, costs, shortage, or expenses sustained or suffering that aren't susceptible to any power of assessment under [clause] or any mechanism under [clause], occurring in association with the default of an approved financial institution, settlement bank, or other body that holds cash deposits of the [organization] or of Clearing Participants, signifying Margin Deposits. The inability or failure, even short-term, of an Approved Financial Institution, settlement bank, or other body to approve, transfer, or otherwise handle the cash deposits as usual may constitute a ""Cash Loss"". Seen in 2 SEC filings
- Cash Loss means for any span except the period ending on [date], the total of the [organization]'s pre-tax losses for that span, in addition to the depreciation taken for that span; and for the period ending on [date], the total of the the Cash Loss for the prior month plus (b) any pre-tax profit for the month (with any pretax loss deemed to be zero). Seen in 2 SEC filings
- Cash Loss means loss as calculated without allowing for depreciation. 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.
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Which definition should you use?
π€ 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
""Cash Loss means all non-depreciated losses and perils incurred in relation with the default of an approved financial institution""
Relevant Contract Types
Relevant Circumstances
- Circumstances involving a financial agreement with a financial institution
- Cases where investment or assets are managed by an external organization
Relevant Sectors
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Genie Definition 2
""Cash Loss means the loss recorded before subtracting depreciation.""
Relevant Contract Types
Relevant Circumstances
- Situations where physical assets are part of a contract
- In purchasing agreement or sales contracts where depreciation could substantially alter the asset's value
Relevant Sectors
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