Define: Retail Accounts

How is Retail Account defined in a legal contract?

• Retail Account means an account primarily utilized for personal, family, or household objectives. Seen in 3 SEC filings
• Retail Account means an account established by an entity for the collection of amounts due to the company in the course of its retail operations. Withdrawals from this account are typically regulated. Seen in 1 SEC filing
• Retail Account means a particular deposit account held by an entity, which is managed for the collection of amounts payable to that company concerning its retail operations. Funds withdrawals are generally restricted. Seen in 1 SEC filing
• Retail Account means an account that represents the unpaid portion of the purchase price of a specific item or items sold by a business to an individual in a retail sales transaction. Seen in 1 SEC filing

How is Retail Accounts defined in a legal contract?

• Retail Accounts means sums due to a cooperative from the regular selling of goods and services by Retail Services or stores once under the ownership and operation of [organization], which are not established by Installment Sales Contracts. Seen in 5 SEC filings
• Retail Accounts means accounts that aren't Visa and MasterCard accounts, foreign currency accounts, or accounts maintained with Recognised Third Parties. Seen in 2 SEC filings
• Retail Accounts means accounts that are owed by retail customers with a Xxxxxx's rating of no less than [number] or S&P's rating of no less than BBB-, are owed from [number]. [organization]. customer [number] and [number], or are owed from other retail customers as agreed in writing by the Administrative Agent. Seen in 1 SEC filing
• Retail Accounts means accounts that result from Borrower providing international, interstate, or intrastate telecommunication services to retail customers. Seen in 1 SEC filing
• Retail Accounts means all accounts (other than HOD Accounts) and any related Credit Card Receivables. Seen in 1 SEC filing

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 retail accounts' 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

• Retail Account means an account primarily for personal, family or household use.

Relevant Contract Types

• Retail Sales Agreement
• Terms of Service Agreement
• Privacy Policy

Relevant Circumstances

• Opening a new account for personal use
• Setting terms and conditions for a personal account
• Drafting a privacy policy where personal data is stored in such account

Relevant Sectors

• Banking and Financial Services
• Retail
• E-commerce

Genie Definition 1

• Retail Accounts means the sums owed from the regular sale of goods or services or from providing specific services like telecommunication.

Relevant Contract Types

• Sales Agreement
• Telecommunication Services Agreement
• Retail Services Agreement

Relevant Circumstances

• Opening a new store.
• Setting up a telecommunication network.
• Streamlining accounts receivable processing.

Relevant Sectors

• Retail
• Telecommunication
• General Services

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Genie Definition 2

• Retail Account means a regulated account, set up by a company, for tracking amounts due from retail operations.

Relevant Contract Types

• B2B Sales Agreement
• Supply Contract
• Distribution Agreement

Relevant Circumstances

• Setting up accounting systems for tracking revenue
• Managing wholesale or retail sales
• Managing distribution of goods

Relevant Sectors

• Retail
• Wholesale
• Manufacturing

Genie Definition 2

• Retail Accounts means accounts not related with specific networks or foreign currency accounts, operated with recognized third parties.

Relevant Contract Types

• Banking and Finance Agreement
• Foreign Exchange Agreement

Relevant Circumstances

• Setting up accounts for international transactions.
• Arranging for recognisable third parties to manage specific accounts.

Relevant Sectors

• Banking
• Finance
• Foreign Exchange

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Genie Definition 3

• Retail Account means an account detailing the unpaid part of the retail sales price.

Relevant Contract Types

• Sales Contract
• Retail Installment Contract
• Credit Agreement

Relevant Circumstances

• Facilitating credit sales in retail
• Managing debt collections and recoveries
• Setting up credit terms for retail sales

Relevant Sectors

• Retail
• Financial Services
• E-commerce

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