Define: Finsub

How is Finsub defined in a legal contract?

• Finsub means any entity that is fully owned and organized solely for the purpose of engaging in allowed financial transactions. This entity is also designed to minimize the risk of being included in any bankruptcy proceedings of the owning organization. Seen in 22 SEC filings
• Finsub means any specific entity, wholly owned either directly or indirectly, which is organized solely for the purpose of engaging in a securitization financing activity as guided by the relevant laws. Seen in 13 SEC filings
• Finsub means any wholly owned entity, organized and existing solely for the purpose of participating in a specific program relating to finance. Seen in 10 SEC filings
• Finsub means a wholly owned and fully controlled entity that is organized solely for the purpose of participating in a particular financial program. Seen in 10 SEC filings
• Finsub means a type of entity that is wholly owned and is organized solely for the purpose of participating in a specific financial program. Seen in 6 SEC filings
• Finsub means an entity that is fully owned and specifically organized to minimize the risk of being included in bankruptcy proceedings, and solely for the purpose of participating in a specific program related to finance. Seen in 5 SEC filings
• Finsub means one or more legal entities that are wholly owned and organized solely for the purpose of engaging in a financial program. Seen in 5 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 finsub' 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

• Finsub means a wholly owned entity solely organized to engage in specific financial activities, with provisions to limit bankruptcy risk.

Relevant Contract Types

• Securitization Agreement
• Loan Agreement
• Mergers and Acquisitions Agreement
• Joint Venture Agreement

Relevant Circumstances

• Establishment of a subsidiary
• Engaging in a finance-related transaction
• Planning for bankruptcy protection

Relevant Sectors

• Financial Services
• Banking
• Investment Management
• Real Estate Finance

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Genie Definition 2

• Finsub means an entity, completely owned, organized to participate in a financial program, minimizing its bankruptcy impact.

Relevant Contract Types

• Financial Services Agreement
• Asset Purchase Agreement
• Debt Restructuring Agreement

Relevant Circumstances

• Creation of a bankruptcy-remote entity
• Undertaking a securitization financing project
• Organizing an entity to be involved in a specific financial program

Relevant Sectors

• Corporate Finance
• Capital Markets
• Private Equity

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