Define: Ledger Balance

How is Ledger Balance defined in a legal contract?

• Ledger Balance means the funds in an account on the date these funds are transferred, along with any accumulated interest, but excluding any fees that might be rightfully withheld by the concerned institution. Seen in 6 SEC filings.
• Ledger Balance means the current cumulative credit or debit on the ledger at any specific time. Seen in 4 SEC filings.
• Ledger Balance means the present balance excluding float, as reflected in the supportive documents. Seen in 4 SEC filings.
• Ledger Balance means the balance in an account without reductions for pending transactions or holds on deposited funds. Seen in 3 SEC filings.
• Ledger Balance means the amount of funds in your account, reflecting deposits and withdrawals that have been posted to your account, as shown in your account statement in the daily balances section. It does not reflect holds, outstanding checks, or any transactions we have committed to pay, but which have not yet been deducted from your account. The Ledger Balance changes only once at the end of each business day.
  Seen in 3 SEC filings.
• Ledger Balance means the balance reflected on the bank's books of the amounts deposited in the Special Collection Account. In addition to any previous charges, the bank shall charge account charges, including but not limited to item charges, bank wire charges, lockbox charges, stop payment charges and other charges related to deposit accounts used in types of financing. Seen in 2 SEC filings.
• Ledger Balance means the actual amount of money in your account at any given time, but not all funds included in the Ledger Balance are considered available for transactions on your account. The Ledger Balance reflects transactions that have posted to your account, but it does not reflect transactions that have been authorized and are pending, or deposits that may be on hold. 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 ledger balance' 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

Ledger Balance means the existing amount of funds in an [account], including posted transactions but excluding pending operations and holds.

Relevant Contract Type

• Banking Agreement
• Credit Agreement
• Business Account Agreement

Relevant Circumstances

• Opening a business account
• Establishing credit terms
• Renegotiating an overdraft limit

Relevant Sectors

• Banking
• Finance
• Business Services

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Genie Definition 2

Ledger Balance means the current total credit or debit reflected on the [organization's] ledger.

Relevant Contract Type

• Sales Agreement
• Supply Agreement
• General Contract for Services

Relevant Circumstances

• Establishing payment terms in a supply deal
• Verifying financial status for a significant purchase
• Auditing financial records for accuracy

Relevant Sectors

• Manufacturing
• Retail
• Professional Services

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