Define: Carrying Amount

How is Carrying Amount defined in a legal contract?

• Carrying Amount means the value shown on the balance sheet for certain investments, which are neither fully nor proportionally consolidated. Seen in 30 SEC filings.
• Carrying Amount means the value of an asset as recognized in the most recent, audited balance sheet, after subtracting any accumulated depreciation and accumulated loss due to impairment. This applies for both, an applicant and the issuer. Seen in 21 SEC filings.
• Carrying Amount means an asset or liability's worth, as it reflects in the accounts of a [organization]. This value corresponds to a net amount, less any impairment or provisions that are recorded separately in the financial statements of the [organization]. Seen in 2 SEC filings.
• Carrying Amount means the value at which an asset is recognized, after deducting any accumulated depreciation and accumulated impairment losses. Seen in 1 SEC filing.
• Carrying Amount means the amount at which an asset is recognized on the balance sheet, after subtracting accumulated depreciation and accumulated impairment losses. Seen in 1 SEC filing.
• Carrying Amount means the value of a [organization]'s total debt issued at an original issue discount, determined according to the greater value of the amount of such debt at any date of determination included on the consolidated balance sheet, and the amount which would be due and payable at any given date if the maturity of the debt were prematurely drawn. Seen in 1 SEC filing.
• Carrying Amount means the value an asset is recognized at after subtracting accumulated depreciation (or amortization) and accumulated impairment losses on it. 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 carrying amount' 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

Carrying Amount means the value of an asset on a balance sheet, after subtracting accumulated depreciation and impairment losses.

Relevant Contract Types

• Asset Purchase Agreement
• Loan Agreement
• Mergers and Acquisition Contracts
• Balance Sheet Reporting Contracts

Relevant Circumstances

• Sale or Purchase of Assets
• Applying for Loans
• Consolidating business units
• Financial Reporting

Relevant Sectors

• Financial Services
• Real Estate
• Manufacturing
• Healthcare

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Genie Definition 2

Carrying Amount means the higher initial debt value on [organization]'s balance sheet or the payable amount if the maturity was expedited.

Relevant Contract Types

• Debt Agreement
• Indenture Agreement

Relevant Circumstances

• Issuing debt
• Setting terms for early repayment of debt

Relevant Sectors

• Banking
• Financial Services
• Investment

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