Define: Security Charge

How is Security Charge defined in a legal contract?

• Security Charge means a fee specifically created to recover all or a portion of the expenses related to measures put in place to safeguard against illegal interference.
  Seen in 6 SEC filings.
• Security Charge means a fee that equals the costs sustained by the Fire Department following their response to an incident, when the stability of the property is at risk from theft, vandalism or other illegal activities, and when there is a requirement for the Fire Department to ensure the property’s security.
  Seen in 1 SEC filing.

Rest of the definitions mentioned the restricted terms and were omitted.

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 security charge’ 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

• Security Charge means a guaranteed fee designed to recover incurred expenses in safeguarding against illegal actions.

Relevant Contract Type

• Security Services Contract
• Data Protection Agreement
• Non-Disclosure Agreement

Relevant Circumstances

• Implementing security measures in a corporate environment
• Implementing data protection measures on digital platforms
• Arranging third-party security services

Relevant Sectors

• Information Technology
• Corporate Sector
• Healthcare

‍

Genie Definition 2

• Security Charge means an obligatory fee equating to costs sustained by [Organization] after addressing an incident threatening property security.

Relevant Contract Type

• Property Management Agreement
• Lease Agreement
• Insurance Contract

Relevant Circumstances

• Addressing security concerns in property management
• Covering security costs in lease agreements
• Allocating costs in insurance contracts when property security is compromised

Relevant Sectors

• Real Estate
• Insurance
• Retail

‍