Define: Held Away Account

How is Held Away Account defined in a legal contract?

• Held Away Account means a user's account with a financial institution different from a certain [organization] that is linked to certain services. Seen in 6 SEC filings
• Held Away Account means an account at an institution other than a certain [organization]. Seen in 4 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 held away account' 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

Held Away Account means an account linked to a certain service at a financial institution other than [specified organization].

Relevant Contract Types

• Financial Service Agreement
• Banking Agreement
• Investment Management Agreement

Relevant Circumstances

• When managing assets spread across different financial institutions
• Transactions involving a third-party financial institution
• When managing finances between two different entities

Relevant Sectors

• Finance and Banking
• Investment Management

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Genie Definition 2

Held Away Account means an account at an institution not being the [specified organization].

Relevant Contract Types

• Exclusivity Agreement
• Business Agreement
• Bank Account Agreement

Relevant Circumstances

• When there's an account not included in the overall business agreement
• Transactions between two separate financial institutions
• When defining a third-party account to avoid specificity

Relevant Sectors

• Corporate Transactions
• Banking

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