How is Banking and Financial Services defined in a legal contract?
- Banking and Financial Services means a collection of banking and financial services provided by a [financial organization] which include, but are not limited to, checking and savings accounts, health savings accounts, money market accounts, loans, credit cards, cash management services, lines of credit, and various investment services. These services are provided during any [period] in which an [employee] served for a [financial organization], and includes all banking and related financial services that are substantially similar. Seen in 8 SEC filings
- Banking and Financial Services means the banking and financial services and products offered by a [bank] or its [financial entities], including but not limited to checking and savings accounts, money market accounts, health savings accounts, certificates of deposit, and loans. These services can be provided [digitally] or otherwise during any [period] in which an [executive] served for a [bank] and includes all banking and related financial services that are substantially similar. Seen in 2 SEC filings
The third definition has been omitted as it consists of terms which are not to be included in the output.
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 banking and financial services' 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.
Genie Definition 1
Banking and Financial Services means services encompassing checking, savings accounts, loans, credit cards, and investment provided by a [financial entity].
Relevant Contract Types
Relevant Circumstances
- Establishing new banking relationships
- Facilitating loan disbursements
- Setting up new investment services
- Implementing credit card facilities
Relevant Sectors
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Banking and Financial Services means services encompassing checking, savings accounts, loans, credit cards, and investment provided by a [financial entity].
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