Define: Account Summary

How is Account Summary defined in a legal contract?

• Account Summary means a record of a client's securities portfolio, current positions, margin requirements, cash deposit among other matters at a particular moment in time. Seen in 57 SEC filings
• Account Summary means a detailed report of a client's portfolio of instruments, open positions, collateral, cash deposits among others at a specific point in time. Seen in 9 SEC Filings
• Account Summary means a regular communication sent electronically containing vital terms, conditions and information about your account and strategy. Seen in 3 SEC Filings
• Account Summary means a statement of a client’s securities portfolio, open positions, necessary margins, and cash deposits, detailing the transactions and charges credited or debited to a client's account at a specific point in time. Seen in 2 SEC Filings

Please note that specific terminologies and references are generalized to ensure global applicability.

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 account summary' 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

Account Summary means a concise record of a client's financial positions, portfolio, obligations and cash deposits at a specific moment.

Relevant Contract Types

• Financial Service Agreement
• Investment Management Agreement
• Securities Purchase Agreement

Relevant Circumstances

• Annual reporting and auditing processes
• Periodic review of contractual obligations or investments
• During a financial or regulatory compliance assessment

Relevant Sectors

• Financial Services
• Investment and Asset Management
• Securities Trading

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Genie Definition 2

Account Summary means an electronic communication containing key terms, information, and conditions about a client's account and strategy.

Relevant Contract Types

• Software as a Service Agreement
• Management Services Agreement
• Client Service Agreement

Relevant Circumstances

• Communication of regular updates or changes in account terms
• Providing periodic reports and account assessments to clients
• Introducing new strategies or plans to clients

Relevant Sectors

• Information Technology
• Consulting Services
• Marketing and Advertising

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