How is Financial Expense defined in a legal contract?
- Financial Expense means any interest, commission, fees, discounts, prepayment fees, premiums or charges, and other finance payments resulting from debt, excluding certain deductions. These payments can be either paid or payable by any member of a group. Seen in 6 SEC filings.
- Financial Expense means all interest or similar amounts paid to third parties, including commissions, discounts, and fees related to loans, letter of credit, and expenses relating to hedge or similar agreements, but does not include interest paid on shareholders' equity or any other liabilities to shareholders accounted for as an expense according to Brazilian law. Seen in 3 SEC filings.
Please note that some definitions have been omitted as they do not meet the requirements set out above.
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 financial expense' 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
Financial Expense means the expenditure in interest, commission, fees, discounts, prepayment fees, premiums, charges, and other payments arising from debts.
Relevant Contract Types
Relevant Circumstances
- Establishing a business loan
- Defining a repayment plan
- Financing product development
Relevant Sectors
Genie Definition 2
Financial Expense means any payment related to loans, letters of credit and hedge agreements, excluding interest on shareholders' equity.
Relevant Contract Types
Relevant Circumstances
- Creating a shareholder agreement
- Setting up equity financing
- Managing hedge funds
Relevant Sectors
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Financial Expense means the expenditure in interest, commission, fees, discounts, prepayment fees, premiums, charges, and other payments arising from debts
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