How is Working Investment defined in a legal contract?
- Working Investment means the total, at any evaluated date, of the unpaid amounts of all accounts receivable and the total amount of prepaid expenses and other current assets, minus the total unpaid amount of all accounts payable and total accrued expenses, not including the current portion of long-term debt and accrued interest and taxes. Seen in 18 SEC filings.
- Working Investment means the excess at any evaluated date of the unpaid amount of all accounts receivable of a person over the sum of unpaid amount of accounts payable and all accrued expenses at that date, excluding current portion of long-term debt and accrued interest and taxes. Seen in 4 SEC filings.
- Working Investment means at any evaluated date, the total, for a parent entity and its subsidiaries, net of unpaid amount of all accounts payable and accrued expenses, excluding from those, the current portion of long-term debt and accrued interest and taxes. Seen in 3 SEC filings.
- Working Investment means at any point in time, the total sum for the borrower and its subsidiaries, generated in the ordinary course of business, of the net inventory at that time plus net accounts and current notes receivable at that time, minus net accounts and current notes payable (excluding notes payable to financial institutions) and accrued expenses and current accrued taxes at that time. 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
- Working Investment means the total unpaid accounts receivable and prepaid expenses, less total unpaid accounts payable and accrued expenses, excluding current long-term debt and accrued interest and taxes.
Relevant Contract Types
Relevant Circumstances
- Corporate acquisitions
- Management of corporate assets
- Establishment of a business partnership
Relevant Sectors
Genie Definition 2
- Working Investment means the excess of unpaid accounts receivable over unpaid accounts payable and accrued expenses, excluding current long-term debt and accrued interest and taxes.
Relevant Contract Types
Relevant Circumstances
- Financial management of mergers and acquisitions
- Company valuations for investment
- Financial reporting obligations
Relevant Sectors
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Working Investment means the total unpaid accounts receivable and prepaid expenses, less total unpaid accounts payable and accrued expenses, excluding current long-term debt and accrued interest and taxes
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