Define: Cumulative Sales

How is Cumulative Sales defined in a legal contract?

• Cumulative Sales means the total sales reported by an entity for a specified period, as detailed in its audited financial statements. This definition does not include major acquisitions and divestitures, but does include growth following an acquisition. Seen in 10 SEC filings.
• Cumulative Sales means the total sales for a predetermined period, reported by the company according to its audited financial statements. This does not consider the base sales and net income for all divestitures and for acquisitions where sales consist up to a certain percentage of the base sales for the last completed period at the time of acquisition. These definitions will include growth related to these acquisitions. Seen in 4 SEC filings.
• Cumulative Sales means the amount of receivables originated by certain initiators and sold to a seller according to a specified agreement, for each settlement period. Seen in 3 SEC filings.
• Cumulative Sales means the sum of the ""total sales"" reported by a company in its statement of operations in its audited financial statements for each fiscal year within a given performance period. 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 cumulative sales' 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

Cumulative Sales means the complete sales recorded by an [entity] over a given [time period], described in its audited financial statements.

Relevant Contract Types

• Sales Contracts
• Vendor Agreements
• Licensing Agreements
• Franchise Agreements

Relevant Circumstances

• Performance reviews
• Business acquisitions
• Negotiating partnerships or collaborations
• Evaluating financial standing

Relevant Sectors

• Retail
• Wholesale
• Manufacturing
• Ecommerce

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Genie Definition 2

Cumulative Sales means the total quantity of [receivables] a [company] sold to a [buyer] during a specific [settlement period].

Relevant Contract Types

• Trade Financing Agreements
• Accounts Receivable Purchase Agreements
• Factoring Agreements

Relevant Circumstances

• Restructuring finances
• Liquidating balances
• Mitigating insolvency risks
• Preserving cash flows

Relevant Sectors

• Banking
• Finance
• Fintech
• Insurance

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