How is Duplicate Transaction defined in a legal contract?
- Duplicate Transaction means any instances where more than one Transaction is generated from the same vehicle within two minutes at the same general area (e.g., same or adjacent lane). Seen in 1 SEC filing
- Duplicate Transaction means a transaction that has been processed twice for the same purchase. 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.
β
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
- Duplicate Transaction means any instance of more than one transaction occuring within the same [time frame], place or purchase.
Relevant Contract Types
Relevant Circumstances
- Multiple transactions from a single vehicle within a specified duration at a toll booth or parking space.
- Multiple instances of the same purchase getting processed due to system errors.
Relevant Sectors
β
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.
