Define: Form of Payment

How is Form of Payment defined in a legal contract?

• Form of Payment means the act of paying out funds, which can be made in a variety of ways such as in one lump sum or in substantially equal installments spread out over a fixed period of time, not exceeding a set limit. Seen in 10 SEC filings.
• Form of Payment means the payment method that can either be a one-off lump sum or yearly installments across a specific time period. These yearly installments usually are distributed in case of a separation from service or change of control. In the event of the account holder's death, the remaining balance will be disbursed as a single lump sum. Seen in 9 SEC filings.
• Form of Payment means a medium of payment for goods or services that customers may use. These forms could include cash, check, debit card, prepaid card, any particular brands of cards, or any other equivalent methods of payment. Seen in 6 SEC filings.
• Form of Payment means all retirement benefits due which is paid as employer contributions into a designated account. The contributions made fall in line with the terms of this agreement and depend on the specific conditions involved. The agreement specifies that if the amount due exceeds the limit for contributions for any given year, the remaining amount will then be contributed in the following year. Seen in 3 SEC filings.
• Form of Payment means the payment carried out in a lump sum or spread out into annual installments that does not go beyond a pre-set ten-year period. 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 form of payment' 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

• Form of Payment means disbursement in a lump sum or substantially equal installments within a set timeframe.

Relevant Contract Types

• Employment Contract
• Loan Agreement
• Lease Agreement
• Purchase Agreement
• Service Agreement

Relevant Circumstances

• Payment terms in a contract
• Compensation agreement in an employment contract
• Installment payments for a product or service

Relevant Sectors

• Real Estate
• Finance
• Retail
• Technology

Genie Definition 1

• Form of Payment means the medium utilized for remitting funds for goods, services or obligations, such as cash, check, or card.

Relevant Contract Types

• Sales Contract
• Supply Contract
• Consulting Agreement

Relevant Circumstances

• Transactional payments for a product or service
• Payment terms between suppliers and businesses
• Remuneration for consulting services offered

Relevant Sectors

• E-commerce
• Manufacturing
• Consulting

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