Which definition should you use?
🤔 Our AI Legal Assistant 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 2
- Final Rate means the ultimate fixed or floating interest rate defined in the essential terms of a [relevant agreement].
Relevant Contract Types
Relevant Circumstances
- Establishment of loan payback rates
- Lease agreements with fluctuating rates
- Mortgage contracts with variable rates
Relevant Sectors
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Final Rate means the established rate for a past period, adjusted based on incurred costs, audits, or other necessary changes.
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