Define: Loan Amount

How is Loan Amount defined in a legal contract?

• Loan Amount means the total financial obligations recognized in [clause]. Seen in 86 SEC filings.
• Loan Amount means the balance owed, including principal, interest, administrative fees, and other loan charges owed by the borrower under the agreed terms. Seen in 42 SEC filings.
• Loan Amount means the owing amount which could be either an estimated loan amount or a final loan amount, based on the context. Seen in 39 SEC filings.
• Loan Amount means the total debt you owe at any given time under the agreement. The loan amount may include unpaid principal, interest on unpaid principal, defaulted payments, interest on defaulted payments, other charges and interest on other charges. Other charges may include our administration and processing fees and the expenses of enforcing our rights as well as paying off any prior charges against your property. Seen in 32 SEC filings.
• Loan Amount means the original principal amount of each equipment advance. Seen in 32 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 loan amount' yourself to verify these results. We are always keen to point people to source documents.

‍

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 1

• Loan Amount means the total outstanding obligations, including principal, interest, and fees.

Relevant Contract Types

• Loan Agreement
• Mortgage Agreement
• Promissory Note
• Lease Agreement
• Credit Agreement

Relevant Circumstances

• When a business borrows money for operational needs.
• When someone buys property or real estate and requires a mortgage.
• When setting financial terms with a vendor or supplier.
• When opening a line of credit with a bank.

Relevant Sectors

• Banking
• Real Estate
• Manufacturing

‍

Genie Definition 2

• Loan Amount means total debt obligation under the contract expressed in [currency].

Relevant Contract Types

• Loan Agreement
• Bond Purchase Agreement
• Debt Settlement Agreement
• Equipment Lease Agreement

Relevant Circumstances

• When issuing bonds.
• When leasing expensive equipment.
• When settling a debt.

Relevant Sectors

• Finance
• Construction
• Technology

‍