How is 'Preceding Year' defined in a legal contract?
- Preceding Year means a 12-month span set by [organization]. Seen in 75 SEC filings
- Preceding Year means a 12-month duration immediately before the beginning of [license year] for which proportional registration is requested. Seen in 52 SEC filings
- Preceding Year means the year immediately before the day a regulated officeholder discloses a conflict of interest. Seen in 11 SEC filings
- Preceding Year means the 12 months culminating on September 30 of the previous year for a license application.
Seen in 9 SEC filings - Preceding Year means the tax assessment year immediately before the initial tax year. Seen in 8 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 preceding year' 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
- Preceding Year means the 12-month span immediately before the start of a defined period or event.
Relevant Contract Types
Relevant Circumstances
- Setting terms for projected revenue or performance metrics
- Defining the measurement period for annual bonuses
- Prescribing the timeframe for calculating royalties
Relevant Sectors
Genie Definition 2
- Preceding Year means the tax assessment year directly before the initial tax year.
Relevant Contract Types
Relevant Circumstances
- Planning financial audits
- Establishing tax liabilities
- Calculating tax payments
Relevant Sectors
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Preceding Year means the 12-month span immediately before the start of a defined period or event.
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