Define: Money Pool

How is Money Pool defined in a legal contract?

• Money Pool means a collection of funds managed by an agent for the parties involved, consisting solely of available cash from the parties involved. This money will be loaned on a short-term basis to one or more of the parties or otherwise invested by the agent in a predetermined portfolio. Seen in 5 SEC filings
• Money Pool means an inter-company lending arrangement where surplus cash funds are loaned or borrowed by a utility to meet short-term operating cash requirements. Seen in 3 SEC filings
• Money Pool means a financial arrangement set up by a parent or holding company of a regulated utility, and managed by such parent company or a service affiliate. Seen in 3 SEC filings
• Money Pool means the financial arrangements approved among the Company and some of its Restricted Subsidiaries authorizing internal loans according to the authorization and restrictions of the SEC. Seen in 2 SEC filings
• Money Pool means the agreement or arrangement established by the Energy Group, in accordance with the SEC's order, for the intrasystem lending of funds among the members of the Energy Group. Seen in 1 SEC filing

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 money pool' 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

• Money Pool means a fund managed by an agent, consisting of [organization]'s cash, which is intended for short-term loans or investments.

Relevant Contract Types

• Intercompany Loan Agreement
• Agency Agreement
• Investment Management Agreement

Relevant Circumstances

• When an organization has surplus cash that needs to be managed.
• In cases where short-term investments or loans need to be made.
• When there's a need for cash management within an organization.

Relevant Sectors

• Banking
• Investment
• Finance

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Genie Definition 2

• Money Pool means an inter-company lending process established by [organization] to meet its short-term operational cash needs.

Relevant Contract Types

• Intercompany Loan Agreement
• Corporate Borrowing Agreement

Relevant Circumstances

• When a company needs to borrow funds from its affiliates.
• In cases where inter-company lending is necessary for operational reasons.

Relevant Sectors

• Corporations
• Finance
• Utilities

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