How is Card Description defined in a legal contract?
- Card Description means a prepaid card loaded by a [organization] with a specific [number] of funds. This card is not a credit or charge card and will not affect your credit history. It is not connected to any other account and does not accumulate interest. The card remains the property of a [organization] and must be handed over upon demand. The card is nontransferable and can be cancelled or revoked at any time. The card must be activated before use and may require identity verification. The funds on the card are not insured until the card is activated. The card also requires a Personal Identification Number (PIN) for some purchases. The PIN should never be shared or stored visibly. Any unauthorized access to the PIN must be reported immediately.
Seen in 4 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 card description’ 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
- Card Description means a prepaid card, provided by [organization], requiring activation and a PIN for use.
Relevant Contract Types
Relevant Circumstances
- Setting up payroll systems for employees
- Providing travel cards for business trips
- Offering gift cards or reward systems as part of customer loyalty programs
Relevant Sectors
Genie Definition 2
- Card Description means a nontransferable asset, not linked to other accounts, not accruing interest, and subject to cancellation.
Relevant Contract Types
Relevant Circumstances
- Storing funds for future use
- Managing finances for clients or customers
Relevant Sectors
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Card Description means a prepaid card, provided by [organization], requiring activation and a PIN for use.
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