Define: Bank Products

How is Bank Products defined in a legal contract?

• Bank Products means services provided to any loan parties which include treasury operations, cash management, payment processing, card services, and more. Essentially, it covers any services related to the processing or management of funds.
  Seen in 194 SEC filings
• Bank Products means any service or facility extended to any loan party by a lender or its affiliates. This extends to include credit and debit cards, purchase cards, cash management services and the like.
  Seen in 170 SEC filings
• Bank Products means each and any of these services provided to the borrower or any subsidiary by any lender or its affiliates. This refers to services such as commercial credit cards, stored value cards and treasury management services among others.
  Seen in 102 SEC filings
• Bank Products means any services of facilities provided to any loan party by the agent, any lender, or any of their respective affiliates. This can include Swap Contracts, purchase cards, leasing, factoring, and supply chain finance services but excludes cash management services.
  Seen in 98 SEC filings
• Bank Products means facilities or services related to cash management, including treasury, depository, overdraft, credit or debit card, purchase card, electronic funds transfer and other cash management arrangements.
  Seen in 89 SEC filings
• Bank Products means bank services which include commercial credit cards, stored value cards, and treasury management services.
  Seen in 85 SEC filings
• Bank Products means types of services or facilities extended to the borrower by a bank or any affiliate of the bank in reliance on the bank’s agreement to indemnify such affiliate. This can include credit cards, ACH Transactions, cash management services and Hedge Agreements.
  Seen in 73 SEC filings
• Bank Products means any of the services or facilities provided to the borrower by a bank product provider. This includes credit cards, stored value cards and cash management or related services.
  Seen in 62 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 bank products’ 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

• Bank Products means all services related to management and processing of funds.

Relevant Contract Types

• Banking Services Agreement
• Loan Agreement
• Service Level Agreement

Relevant Circumstances

• The establishment of a partnership between a business and a financial institution.
• Negotiations for a loan or credit agreement.
• Redefining of terms in a pre-existing contract.

Relevant Sectors

• Finance
• Banking
• Fintech

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Genie Definition 2

• Bank Products means credit and debit cards, purchase cards, and associated services.

Relevant Contract Types

• Credit Card Agreement
• Commercial Card Agreement

Relevant Circumstances

• A business negotiating the terms of a credit card provided to their employees.
• A bank or financial institution offering new card services to customers.

Relevant Sectors

• Credit Services
• Banking
• Fintech

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