Define: Certificate of Currency

How is Certificate of Currency defined in a legal contract?

• Certificate of Currency means a document that demonstrates satisfactory evidence of a valid insurance, covering losses or damages to the insured’s business site or sites related to the destruction of certain equipment.
  Seen in 4 SEC filings.
• Certificate of Currency means an official document certifying the validity, within a specified period, of an insurance policy issued by an insurer to the insured.
  Seen in 3 SEC filings.
• Certificate of Currency means an official document demonstrating the validity and operational condition of an insurance policy, as specified in a certain clause.
  Seen in 2 SEC filings.
• Certificate of Currency means a document providing evidence that the respective party has sufficient insurance coverage for loss, damage, or destruction of the equipment.
  Seen in 1 SEC filing.
• Certificate of Currency means an official document asserting the validity and current operation of a specific insurance policy.
  Seen in 1 SEC filing.
• Certificate of Currency means a certificate providing evidence to the satisfaction of the conditions necessary for insurance coverage to exist for a specific business site or sites, which would be sufficient to cover loss, damages or destruction of the equipment.
  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 certificate of currency’ 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

• Certificate of Currency means a valid document evidencing adequate insurance cover for potential loss or damage to [business equipment].

Relevant Contract Types

• Insurance Contracts
• Commercial Leases
• Construction Contracts
• Service Agreements

Relevant Circumstances

• Rental equipment leases or rental property arrangements.
• Construction or renovation projects.
• Service provision, particularly those involving physical work or risk-exposed activities.

Relevant Sectors

• Insurance Industry
• Real Estate
• Construction
• Professional Services

‍

Genie Definition 2

• Certificate of Currency means an official certificate issued by an insurer, asserting the validity and active status of a [specific insurance policy].

Relevant Contract Types

• Insurance Policies
• Service Agreements
• Supply Agreements
• Consultancy Contracts

Relevant Circumstances

• Negotiation of service agreements where insurance is a prerequisite.
• Ratification of supply agreements where risk mitigation is crucial.
• Drafting of consultancy contracts involving work on a client's premises.

Relevant Sectors

• Insurance Sector
• Supply Chain Industry
• Consultancy Services

‍