Define: Account Holder

How is Account Holder defined in a legal contract?

• Account Holder means the named individual or entity of a financial entity, excluding those who hold the account for the benefit of someone else in the role of agent, custodian, nominee, signatory, investment advisor, or legal guardian. In instances where the account is held for another, that other person or entity is the account holder. This is seen in a jointly held account, where every joint holder is considered an account holder. Seen in 283 SEC filings.
• Account Holder means the named individual of a financial account, as identified by the relevant financial institution. It does allow for people holding an account for the benefit of another as agents, custodians, nominees, signatories, investment advisors, or intermediaries but these individuals are not considered the account holder. Seen in 224 SEC filings.
• Account Holder means the party in whose name an account is kept. This term could apply to a supplementary cardholder under certain circumstances or contexts. Seen in 132 SEC filings.
• Account Holder means the person or entity named as the holder of a financial account by the financial institution that maintains the account. However, it doesn't include those, other than financial institution, who hold the account for the benefit or the account of another as an agent, custodian, nominee, signatory, investment advisor, or intermediary. Seen in 65 SEC filings.
• Account Holder means the person or entity with a financial account, regardless if they are a flow-through entity. Trusts or estates listed as an account holder are considered the account holder, as opposed to the trustee or the trust’s owners or beneficiaries. Like trusts and estates, partnerships listed as the account holder are considered the account holder, rather than the individual partners within the partnership. Seen in 49 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 account holder' 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

Account Holder means the identified individual/entity maintaining a financial account, excluding proxies and intermediaries.

Relevant Contract Types

• Banking Contracts
• Investment Agreements
• Partnership Agreements
• Financial Services Contracts

Relevant Circumstances

• Setting up a new bank account
• Defining roles in investment contracts
• Identifying holders of jointly held financial accounts
• Clarifying legalities in financial arrangements

Relevant Sectors

• Banking
• Financial Services
• Investments and Securities

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Genie Definition 2

Account Holder means all joint holders in a jointly held financial account.

Relevant Contract Types

• Joint Venture Agreements
• Business Agreements
• Partnership Agreements

Relevant Circumstances

• When forming joint ventures
• In business agreements involving shared financial accounts
• In partnership contracts involving jointly held accounts

Relevant Sectors

• Finance
• Business Services
• Real Estate

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