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 2
- Final Rate means the ultimate fixed or floating interest rate defined in the essential terms of a [relevant agreement].
Relevant Contract Types
Relevant Circumstances
- Establishment of loan payback rates
- Lease agreements with fluctuating rates
- Mortgage contracts with variable rates
Relevant Sectors
Final Rate means the established rate for a past period, adjusted based on incurred costs, audits, or other necessary changes.
Are you creating, reviewing or negotiating a document?
Genie is the way the world agrees. Know market standards, set your rules, and close deals 70% faster by autotransacting on standard terms while negotiating only what matters.
Whether you're creating from scratch, need a trusted template, want to edit or review an existing document or get simple explanations to complex legal questions, try Genie for free.
Whether you're creating from scratch, need a trusted template, want to edit or review an existing document or get simple explanations to complex legal questions, try Genie for free.
.png)
.png)
