How is Table Funding defined in a legal contract?
- Table Funding means a transaction that involves a residential mortgage loan closing executed in one's name using funds provided by a third party, where the loan is assigned to this third party within 24 hours from the time of loan closing. Seen in 8 SEC filings
- Table Funding means a scenario where a loan is closed in one's name with funds provided by a third party, with the loan being reassigned to the third party within 24 hours of the loan's closing. Seen in 5 SEC filings
- Table Funding means a settlement process in which a loan is funded through a simultaneous advance of loan funds and assignment of the loan to the individual advancing the funds. Seen in 2 SEC filings
Please note, these definitions are based on legal interpretations and the usage of the term 'Table Funding' in legal documents and contracts. To understand their application in your specific context, consulting with a legal expert is recommended.
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 table funding' 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
- Table Funding means a settlement where a [loan type] is instantly funded and reassigned to the provider of the funds.
Relevant Contract Types
Relevant Circumstances
- Residential property purchase
- Commercial property purchase
- Start-up business funding
Relevant Sectors
Genie Definition 2
- Table Funding means a transaction where a [loan type] is finalized with third-party funds and transferred to that third party within 24 hours.
Relevant Contract Types
Relevant Circumstances
- Large-scale projects requiring immediate funding
- Short-term funding needs
- Urgent transactions
Relevant Sectors
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Table Funding means a settlement where a [loan type] is instantly funded and reassigned to the provider of the funds
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