How is Financial Administration defined in a legal contract?
- Financial Administration means the management, supervision, control and direction of all matters related to the financial affairs of an entity. Seen in 10 SEC filings.
- Financial Administration means the process of conducting daily, weekly, and monthly reconciliations, where appropriate, to ensure proper recording of revenues, making disbursements on behalf of a given entity and submitting disbursement requests, along with providing disbursement reports for formal approval in a timely manner. Seen in 3 SEC filings.
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.
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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
- Financial Administration means managing, supervising, controlling, and directing all financial matters of [entity].
Relevant Contract Types
- Partnership Agreement
- Service Agreement
- Non-disclosure Agreement
- Employment Contract
- Consultation Services Agreement
Relevant Circumstances
- Starting a new business
- Outsourcing financial services
- Hiring a financial administration officer or team
- Implementing financial procedures
Relevant Sectors
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Genie Definition 2
- Financial Administration means regularly reconciling finances, ensuring accurate recording of revenues, making [entity] disbursements, and providing timely reports for approval.
Relevant Contract Types
- Accounting Services Agreement
- Bookkeeping Agreement
- Supply Chain Agreement
- Financial Advisory Agreement
Relevant Circumstances
- Seeking financial advisory services
- Implementing new financial systems
- Auditing processes
- Starting a new financial project
Relevant Sectors
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