Define: Credit Purchase

How is Credit Purchase defined in a legal contract?

• Credit Purchase means the use of your card or account number to purchase or lease goods and services. Seen in 7 SEC filings
• Credit Purchase means the acquisition of an asset on behalf of a fund, which results in a debt payable from the fund's assets. Seen in 2 SEC filings
• Credit Purchase means the use of your card or account number to carry out transactions such as purchases, though certain quasi-cash transactions may accrue a finance charge at the rate set out for cash advances. These quasi-cash transactions might include tasks like funding transfers for security and brokerage accounts, making court payments, posting bail, or advancing funds at a track or casino. Seen in 2 SEC filings
• Credit Purchase means the use of your card or account number to purchase or lease goods and services. Seen in 1 SEC filing
• Credit Purchase means the ability to purchase or lease goods and services with your card from any retail business establishment that accepts the card, as indicated by a sales slip showing the purchase and your account number. Seen in 1 SEC filing
• Credit Purchase means the acquisition of credits from a mitigation bank as a substitute for performance of restoration, enhancement, or preservation by a permittee. Each credit accounts for a certain acreage of mitigation type. Once a credit is applied to meet a mitigation obligation under this subchapter, it is exhausted and cannot be sold or used again. Seen in 1 SEC filing

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 credit purchase' 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

• Credit Purchase means the utilization of a card or account number for acquiring goods, services, or assets.

Relevant Contract Types

• Credit Card Agreement Contract
• Commercial Lease Agreement Contract
• Merchant Agreement Contract

Relevant Circumstances

• Purchasing or leasing goods or services.
• Establishing bank or credit card account terms.
• Procuring assets on behalf of a fund.

Relevant Sectors

• Financial Services Sector
• Retail Sector
• Real Estate Sector

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Genie Definition 2

• Credit Purchase means obtaining credits from an entity, to satisfy an obligation, which are then exhausted.

Relevant Contract Types

• Mitigation Credit Purchase Agreement Contract
• Environmental Conservation Contract

Relevant Circumstances

• Buying credits from a mitigation bank.
• Fulfilling an obligation as a permittee.

Relevant Sectors

• Environmental Services Sector
• Government and Regulatory Sector

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