Define: Measurable

How is Measurable defined in a legal contract?

• Measurable means the extent to which the value of a transaction can be determined and when it's considered ""available"". ""Available"" connotes that the transaction can be collected within the current period or soon enough after to pay liabilities of the same period. State equalization monies are counted as revenue during the period they are allocated. An availability period of one year is utilized for recognizing revenue for all other governmental fund revenues. Seen in 50 SEC filings
• Measurable means the scope at which the value of a transaction can be identified and ""available"". ""Available"" means it can be collected within the current period or soon enough afterward to offset the liabilities of the existing period. Seen in 25 SEC filings
• Measurable means the degree to which the value of a transaction can be estimated and ""available"". ""Available"" implies that the transaction can be collected within the same period or soon enough after to pay liabilities of the same period. For this purpose, the term ""available"" includes revenues collected within 60 days of the end of the current fiscal year. Seen in 19 SEC filings
• Measurable means the amount of transaction that can be determined and is rendered ""available"". ""Available"" indicates collectible within the current period or soon enough after to be used for paying current period liabilities. The term incorporates countable or quantifiable financial elements that can be used within the current period (60 days). Seen in 6 SEC filings
• Measurable means the value of a transaction that can be determined and when it's classified as ""available"". ""Available"" meaning that it can be collected within the current period or soon enough thereafter to cover current period liabilities. This aspect encompasses financial elements that can be reasonably determined within the current period and are due and collectible within the current period or soon enough after (within 60 days) to be used to pay liabilities of the current period. Seen in 5 SEC filings

Note: The Genie AI Legal Assistant 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.

Search EDGAR for 'Definitions of measurable' yourself to verify these results. We are always keen to point people to source documents.

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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.

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Genie Definition 1

• Measurable means the degree to which a transaction's value is determinable and is available to meet liabilities within the current period or shortly thereafter.

Relevant Contract Types

• Sales Agreement
• Service Level Agreement (SLA)
• Lease Agreement
• Employment Contract
• Consulting Agreement

Relevant Circumstances

• When establishing performance metrics in a contract.
• Transactions involving a definitive payment schedule.
• Service or product delivery timelines.
• Employment contracts detailing performance targets or milestones.

Relevant Sectors

• Real Estate
• Technology
• Retail
• Human Resources
• Consulting Services

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Genie Definition 2

• Measurable means countable financial elements due within the current period or within 60 days after, capable of defraying current period liabilities.

Relevant Contract Types

• Loan Agreement
• Credit Agreement
• Mortgage Agreement
• Payment Agreement

Relevant Circumstances

• Identifying and establishing repayment periods for loans.
• Creating timelines for financial obligations/liabilities.
• Establishing penalties for late payments.

Relevant Sectors

• Banking
• Finance
• Real Estate
• Insurance
• Legal

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