Define: Liquidation Principal

How is Liquidation Principal defined in a legal contract?

• Liquidation Principal means the part of the liquidation proceeds that were received for each loan that became a liquidated loan during the preceding period, but not exceeding that loan’s principal balance.
  Seen in 162 SEC filings
• Liquidation Principal means the part of net liquidation proceeds received for each loan in a loan group that had become liquidated, excluding any amount in excess of that loan’s original principal balance.
  Seen in 92 SEC filings
• Liquidation Principal means the part of liquidation proceeds received from each loan that became a liquidated loan during the calendar month preceding the distribution date.
  Seen in 71 SEC filings
• Liquidation Principal means the part of liquidation proceeds received for a loan in a loan group that had become liquidated, excluding any amount over that loan’s principal balance.
  Seen in 55 SEC filings
• Liquidation Principal means the principal portion of net liquidation proceeds received for each loan that had become a liquidated loan during the related prepayment period, excluding any amount in excess of the loan’s principal balance.
  Seen in 26 SEC filings.

Please note: Liquidation Proceeds refer to amounts received in connection with the liquidation of loans, either through foreclosure or otherwise. The definitions mentioned above have been simplified and improved upon for the average business user, without altering the semantic meaning. The context is typically within contracts or agreements such as loans and mortgages.

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 liquidation principal’ 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

• Liquidation Principal means the portion of liquidation proceeds matching a [loan’s] original balance before liquidation.

Relevant Contract Types

• Loan Agreement
• Debt Settlement Agreement
• Mortgage contract

Relevant Circumstances

• Loan defaults
• Bankruptcy situations
• Negotiations for debt settlements

Relevant Sectors

• Finance Industry
• Real Estate
• Banking

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Genie Definition 2

• Liquidation Principal means principal elements of net liquidation proceeds from a [loan] that has been liquidated.

Relevant Contract Types

• Liquidation Agreement
• Restructuring Agreement

Relevant Circumstances

• Corporate insolvency situations
• Business winding-up procedures and liquidations

Relevant Sectors

• Corporate Law
• Corporate Finance
• Insolvency and Bankruptcy

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