How is Net Increase defined in a legal contract?
- Net Increase means the surplus, if any, contributed to a partner’s capital account within a period, due to Net Capital Appreciation, in contrast to any Net Capital Depreciation allocated within the same timeframe. Seen in 3 SEC filings.
- Net Increase means the end of day balance in the current account, minus the highest preceding balance in the same month or another determined period. Seen in 2 SEC filings.
- Net Increase means an excess, within any fiscal year or shorter period, of Net Capital Appreciation allocated to a capital account, over any Net Capital Depreciation allocated within the same period, plus any relevant expenses. Seen in 2 SEC filings.
- Net Increase means the surplus, if any, of Adjusted GAAP Book Value at the end of a specified twelve month bonus period, over the GAAP Book Value at the commencement of the same period, while eliminating certain specified financial factors and taking into consideration any previous losses in Adjusted GAAP Book Value. 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 net increase' yourself to verify these results. We are always keen to point people to source documents.
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 1
- Net Increase means the balance surplus in a [designated account] over a specified period, considering all profits, losses and relevant expenses.
Relevant Contract Types
- Partnership Agreement
- Profit Sharing Agreement
- Shareholder Agreement
- Limited Liability Company Agreement
Relevant Circumstances
- During financial period closures
- During financial auditing or assessment
- When determining bonus allocations
Relevant Sectors
Genie Definition 2
- Net Increase means the end day balance in [Current Account] less the highest preceding similar timeframe balance.
Relevant Contract Types
Relevant Circumstances
- When reconciling daily bank transactions
- During routine accounting activities
- In the event of a dispute over accounting records
Relevant Sectors
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Net Increase means the balance surplus in a [designated account] over a specified period, considering all profits, losses and relevant expenses.
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