Trade Payable

How is Trade Payable defined in a legal contract?

• Trade Payable means any debt owed by a borrower to sellers for purchasing stock, including held checks and stock collected but not yet billed. Seen in 3 SEC filings
• Trade Payable means any debt owed by a company to its creditors in the usual course of business. Seen in 3 SEC filings
• Trade Payable means any accounts payable or other monetary responsibilities to trade creditors, created, assumed or guaranteed by a person or its subsidiaries in the usual course of business related to the acquisition of goods or services. Seen in 2 SEC filings
• Trade Payable means the difference, if any, between the total value of time owed under trade agreements and the total value of goods and services to be received under such agreements, on any given date. Seen in 2 SEC filings
• Trade Payable means all of the trade payable and various creditors of a group, determined as per the agreed accounting policies. Seen in 1 SEC filing
• Trade Payable means any claim held by an entity which is crucial to the debtor's business and operations, provided that the Trade Payable Claims are subject to the rights of other parties to evaluate and object to such claims. Seen in 1 SEC filing
• Trade Payable means all payable or obligations related to the trade, incurred by the borrower, associated with the acquisition, development or construction of real estate. 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 trade payable' 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

• Trade Payable means any debt or obligation owed by a party to a business transaction, related to the purchase of goods or services.

Relevant Contract Types

• List of completed contracts
• Lease Agreements
• Purchase Orders

Relevant Circumstances

• Acquiring assets or inventory
• Establishing credit terms with suppliers
• Outsourcing certain business functions

Relevant Sectors

• Retail
• Manufacturing
• Services

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Genie Definition 2

• Trade Payable means the difference between the total values of owed obligations and the anticipated receipt under business agreements on any given day.

Relevant Contract Types

• Trade Agreements
• Supply Chain Contracts
• Deferred Payment Agreements

Relevant Circumstances

• Engaging in international trade
• Managing supplier relationships
• Reconciliation of company accounts

Relevant Sectors

• Wholesale
• Import/Export
• Logistics

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