Define: Secured Account

How is Secured Account defined in a legal contract?

• Secured Account means a credit card account for which a related obligor has provided security to [organization] for payment of receivables under such account. It excludes any credit card account that involves an agreement solely between the related obligor and [organization].
  Seen in 25 SEC filings.
• Secured Account means the account held in the name of the issue with a secured account custodian in relation to ETC Securities.
  Seen in 18 SEC filings.
• Secured Account means an account owned by the account owner under which the payement obligations of the obligor are secured by funds collateral.
  Seen in 13 SEC filings.
• Secured Account means in relation to a series of Collateralised Securities, each of the pledged securities account and the pledged cash account relating to such series.
  Seen in 5 SEC filings.
• Secured Account means any account for which the related obligor has pledged assets or made a cash collateral deposit as security for payment of receivables that arise in such an account.
  Seen in 4 SEC filings.
• Secured Account is a deposit account held at [organization], used to secure obligations on a secured charge card account associated with [organization] account. This is subject to a binding contract that involves a security interest.
  Seen in 3 SEC Filings
• Secured Account means an account that is secured by a deposit account or other secured method as established by the seller.
  Seen in 3 SEC filings.
• Secured Account means the lockbox account, as defined in the security agreement.
  Seen in 3 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 secured account’ 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

• Secured Account means an account where an obligor pledged assets or deposit to secure payment of obligations.

Relevant Contract Types

• Loan Agreement
• Security Agreement
• Mortgage Agreement

Relevant Circumstances

• Acquisition or purchase of assets
• Borrowing money from a financial institution
• Any type of deal or transaction where collateral is needed

Relevant Sectors

• Financial Sector
• Real Estate

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Genie Definition 2

• Secured Account means a deposit account with [organization] utilized to secure obligations on the associated card account.

Relevant Contract Types

• Credit Card Agreement
• Bank Account Agreement

Relevant Circumstances

• Opening a credit card account with a bank or financial institution
• When obtaining a line of credit or other debt instrument

Relevant Sectors

• Banking
• Credit Services

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