How is Prevailing Price defined in a legal contract?
- Prevailing Price means the average of the Daily Market Prices for a set [number] of Business Days ending on and including a specific Business Day before a reference date.
Seen in 4 SEC filings. - Prevailing Price means the average price at which a basic necessity has been sold within a set time period from the occurrence of certain conditions as set by an act.
Seen in 3 SEC filings. - Prevailing Price means a certain price that is in effect at a specified time for a specific Forward Contract in relation to a particular Currency Pair. Details such as the Settlement Day and notional amount would have been specified when the Forward Contract was agreed upon using a certain index methodology.
Seen in 2 SEC filings. - Prevailing Price means the prevailing price stated in a Sales Order or equivalent.
Seen in 2 SEC filings. - Prevailing Price means the price per share equivalent to the average of the Daily Market Prices during a [number] of consecutive Business Days ending on a certain date, but not greater than the average of the Daily Market Prices for any three Business Days, consecutive or non-consecutive, within that period.
Seen in 1 SEC filing. - Prevailing Price means, in respect of a Forward Contract and an Index Business Day, the price (expressed as a rate) of such Forward Contract as of the Index Valuation Time on such Index Business Day, as determined in accordance with a set methodology.
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 prevailing price’ yourself to verify these results. We are always keen to point people to source documents.
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
- Prevailing Price means the calculated average of Daily Market Prices for a defined [number] of Business Days.
Relevant Contract Types
Relevant Circumstances
- Asset Purchases
- Goods and Services Sales
- Supply Transactions
Relevant Sectors
Genie Definition 2
- Prevailing Price means the determined price of a specific Forward Contract at an Index Valuation Time.
Relevant Contract Types
Relevant Circumstances
- Financial Derivatives Transactions
- Risk Management Operations
- Currency Exchange
Relevant Sectors
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Prevailing Price means the calculated average of Daily Market Prices for a defined [number] of Business Days.
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