Define: Primary Account

How is Primary Account defined in a legal contract?

• Primary Account means the main account which is associated with a specific card. The primary account is the account from which purchase transactions, charges, and fees connected to the card are debited. Seen in 32 SEC filings
• Primary Account means a specific account, when several are linked to a Debit Card, that has been identified as the principal account for operation. This is the account from which purchase transactions, charges, and fees for the Debit Card are debited. Seen in 23 SEC filings
• Primary Account means the main account connected to a card. Seen in 22 SEC filings
• Primary Account means your transactional savings, current or credit card account with us, utilized to participate in [Reward Scheme]. Seen in 15 SEC filings
• Primary Account means the main service or account that a client has chosen and the [organization] has accepted to be the main one for which transactions take place. Seen in 9 SEC filings
• Primary Account means the checking or savings account linked as the main account to a debit or ATM card for purchasing or withdrawing cash. The association is determined when a card is requested and can be modified upon request. Seen in 7 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 primary account' 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

Primary Account means the main account linked to a card and debited for transactions, charges, and fees.

Relevant Contract Types

• Credit Card Agreements
• Debit Card Agreements
• Bank Account Agreements

Relevant Circumstances

• Introduction of a new linked credit or debit card
• Opening of a new bank account tied to a card
• Updating terms for an existing account

Relevant Sectors

• Financial Services
• Retail

‍

Genie Definition 2

Primary Account means the chosen main service or account for executing transactions.

Relevant Contract Types

• Service Provider Agreements
• Payment Processor Agreements

Relevant Circumstances

• Establishing terms with a service provider
• Setting up a payment portal for a business

Relevant Sectors

• E-commerce
• Software as a Service

‍