How is Remittance Information defined in a legal contract?
- Remittance Information means the data that must identify the billing account numbers and invoices paid, and the amount assigned to each account number and invoice. Seen in 220 SEC filings
- Remittance Information means the data necessary to identify the billing account numbers and invoices paid. Seen in 2 SEC filings
- Remittance Information means the data that must identify the billing account numbers and invoices paid, along with the amount assigned to each account number and invoice. This definition is needed to recognize the information required to adequately credit a payment. Seen in 2 SEC filings
- Remittance Information means all data which the originator asks its bank to transmit to the beneficiary about the rationale for a credit transfer, in order to aid the beneficiary's reconciliation. Seen in 2 SEC filings
Note: 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.
yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 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
- Remittance Information means data identifying amounts assigned to each account and invoices paid.
Relevant Contract Types
Relevant Circumstances
- Transactions involving Payment Services
- Business-to-Business (B2B) transactions
- Transactions involving Electronic Funds Transfer (EFT)
- Any agreements involving payables and receivables.
Relevant Sectors
Genie Definition 2
- Remittance Information means data transmitted by the [originator's bank] about the reason for a payment.
Relevant Contract Type
Relevant Circumstances
- Loan repayments to banks or other financial institutions
- Investments with a predefined payment schedule
- Any contracts involving detailed payment reasons
Relevant Sectors
Remittance Information means data identifying amounts assigned to each account and invoices paid.
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