Define: Main Account

How is Main Account defined in a legal contract?

• Main Account means the primary account established and maintained at a bank for operating purposes. Seen in 5 SEC filings.
• Main Account means an account that a customer designates for all associated accounts to be tied with. All available balances in these accounts will be transferred into the Main Account by a sweeping function, depending on the sweeping mode selected either online or at the end of the day. Seen in 3 SEC filings.
• Main Account means the primary deposit account maintained by a company at a Depository Bank. Seen in 2 SEC filings.
• Main Account means the primary operating account established within a specific Bank. Seen in 2 SEC filings.
• Main Account means the main account established within the pension fund as per certain [clause]. 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 main 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

• Main Account means the primary account established at a [Bank] for operational and transactional purposes.

Relevant Contract Types

• Banking Agreements
• Business Account Agreements
• Operating Agreements
• Merchant Account Agreements

Relevant Circumstances

• Opening a new business account.
• Creating a banking agreement involving operational transactions.
• Establishing the primary account for a new organization.

Relevant Sectors

• Financial Services
• Retail
• E-Commerce

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Genie Definition 2

• Main Account means the account within a [Fund or Facility] assigned as the leading or primary account.

Relevant Contract Types

• Investment Agreements
• Pension Fund Agreements
• Mutual Fund Agreements

Relevant Circumstances

• Establishing the main account within an investment fund.
• Outlining the primary account for pension fund management.
• Describing the lead account within a mutual fund agreement.

Relevant Sectors

• Investment & Asset Management
• Pension Funds
• Wealth Management

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