Define: Book Debts

How is Book Debts defined in a legal contract?

• Book Debts means all types and conditions of debts, along with all rights to receive money (excluding bank accounts), presently or for future payment and including all associated negotiable instruments, rights, security, guarantees, and safegaurds of any sort.
  Seen in 8 SEC filings
• Book Debts means the total amount of outstanding debit balances in customers’ credit accounts, including hire purchase and credit sales accounts at the time of the damage, adjusted for bad debts.
  Seen in 4 SEC filings
• Book Debts means any claim of any nature that an organization has in respect of any indebtedness against any debtor of such organization and over which a security interest has been granted in favor of the debt guarantor.
  Seen in 3 SEC filings
• Book Debts means all book and other debts, revenues and claims both present and future, which may give rise to a debt, revenue or claim due or potentially due to the assignor, including all present and future rights, benefits and interests of the assignor towards these along with all rights and remedies connected to the assigned agreements.
  Seen in 3 SEC filings
• Book Debts means all current and future book and other debts, and monetary claims payable to the chargor, and the benefit of all security, guarantees and other rights of any nature held by the chargor in relation to any of those.
  Seen in 3 SEC filings
• Book Debts means the trade debts that are owed to the vendor at the effective time related to the business.
  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 book debts’ 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

• Book Debts means all present and future debts, rights to income, and accompanying negotiable instruments, guarantees, and safeguards.

Relevant Contract Types

• Commercial Loan Contracts
• Debt Collection Contracts
• Financial Services Agreement
• Lease Agreements
• Mortgage Contracts
• Sale and Purchase Agreements

Relevant Circumstances

• Debt Financing
• Liquidation or insolvency proceedings
• Asset management
• Financial risk assessment
• Debt recovery actions

Relevant Sectors

• Banking
• Finance
• Real Estate
• Insurance

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Genie Definition 2

• Book Debts means total owed trade amounts at any pertinent time related to the business.

Relevant Contract Types

• Business Purchase Agreement
• Supplier Agreement
• Franchise Agreement
• Joint Venture Agreement
• Partnership Agreement

Relevant Circumstances

• Business sales or purchase
• Setup of franchises
• Establishment or dissolution of partnerships or joint ventures
• Supply chain management

Relevant Sectors

• Retail
• Manufacturing
• Hospitality
• E-commerce
• Healthcare

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