Define: Cash Cover

How is Cash Cover defined in a legal contract?

• Cash Cover means any unallocated assets of a mutual fund that are accessible to satisfy obligations arising from positions in specific derivatives or from a short sale of securities made by the mutual fund. Seen in 70 SEC filings.
• Cash Cover means paying an amount into an interest-bearing account under certain conditions. Seen in 44 SEC filings.
• Cash Cover means paying an amount in the same currency as a Letter of Credit into an interest-bearing account under specific conditions. Seen in 16 SEC filings.
• Cash Cover means the cash collateral for a specified financial instrument. Seen in 10 SEC filings.
• Cash Cover means making a payment in the same currency as a Bank Guarantee into an interest-bearing account under specific conditions. Seen in 7 SEC filings.
• Cash Cover means making a payment in the same currency as a Letter of Credit into an interest-bearing account located in a major financial center, coupled with security provided for the benefit of a relevant Issuing Agent and certain conditions being met. Seen in 6 SEC filings.
• Cash Cover means paying an amount into an interest-bearing account in the same currency as a Documentary Credit under specific conditions Seen in 5 SEC filings.

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 cash cover' 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

• Cash Cover means provision of unallocated assets to fulfil financial obligations from specific undertakings.

Relevant Contract Types

• Derivative Contracts
• Mutual Fund Agreements
• Short Sale Agreements

Relevant Circumstances

• In situations where a mutual fund needs to cover obligations from short sales or derivatives.
• In instances where an entity needs to provide collateral without a specific allocation.

Relevant Sectors

• Financial Services
• Investment Management

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Genie Definition 2

• Cash Cover means depositing a certain [currency] amount into an interest-bearing account under predetermined conditions.

Relevant Contract Types

• Loan Agreements
• Letter of Credit Agreements
• Bank Guarantee Agreements

Relevant Circumstances

• Scenarios where an entity needs to provide a guarantee to a lender.
• Situations when an entity is required to have secured funds accessible under certain conditions.

Relevant Sectors

• Banking
• Trade Financing
• Commercial Lending

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