Define: Price Reduction

• Price Reduction means a decrease in price that occurs as overall cumulative purchases reach certain predefined purchase ranges. Seen in 2 SEC filings
• Price Reduction means a diminution in cost which occurs statutorily or administratively either when the product has a standing price at the relevant time or when it doesn't have a set price at the relevant time. Seen in 2 SEC filings
• Price Reduction means a decrease in the margin of pricing as the total volume of business transaction increases with a specific sequence. Seen in 2 SEC filings
• Price Reduction means the excess of an agreed present value from a specific time compared to the present value of tax cost allocated on certain items with respect to the decrease in taxable gain or increase in taxable loss. Seen in 2 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 price reduction' 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

• Price Reduction means a deliberate decrease in cost when pre-established criteria or purchase thresholds are achieved.

Relevant Contract Types

• Supply Chain Contracts
• Manufacturer Contracts
• Distribution Agreements
• Retail Contracts

Relevant Circumstances

• Volume-based purchasing agreements
• Long-term supplier contracts
• Seasonal sales or promotional periods

Relevant Sectors

• Retail
• Manufacturing
• E-commerce

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