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How is Gross Collections defined in a legal contract?

• Gross Collections means all collected amounts such as rents or other charges for using and occupying apartment units and garage spaces, leases of non-dwelling facilities in the property, furniture rental, parking fees, forfeited security deposits, application fees, late charges, income from coin-operated machines and miscellaneous income collected at the Property. This does not include derived income such as interest on investments, insurance claims (aside from rental interruptions insurance), abatement of taxes, franchise fees, and awards.
  Seen in 52 SEC filings.
• Gross Collections means the total sum of all payments made with respect to items including but not limited to, the total principal amount, interest, prepayments, insurance proceeds, late payment charges, fees from releases and assumptions, and bad check charges. These are collected by the servicer or by an entity on behalf of the Trust, before the deduction or deposit of any funds into the Principal and Interest Account.
  Seen in 11 SEC filings.
• Gross Collections means all of the payments collected, including fees, charges and accounts of medical practices, due and payable on or after the initiation date of the agreement, regardless of the location where the services were conducted.
  Seen in 6 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.

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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.

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Genie Definition 1

• Gross Collections means all payments and fees collected, including for lease, services, interest, and insurance across sectors.

Relevant Contract Types

• Lease Agreements
• Service Contracts
• Insurance Policies
• Payment Agreements

Relevant Circumstances

• Collection of rental funds from tenants
• Receipt of payment for provided services
• Settlement of insurance claims
• Any situation involving the receipt of scheduled or one-off payments

Relevant Sectors

• Real Estate
• Service Industry
• Insurance

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Genie Definition 2

• Gross Collections means any income derived from an [organization]'s core business operations, excluding investment and non-operational earnings.

Relevant Contract Types

• Sales Agreement
• Partnership Agreement
• Revenue Sharing Agreement

Relevant Circumstances

• Sale of goods or services
• Revenue collection from a joint venture or business partnership
• Distribution of income generated by a business initiative

Relevant Sectors

• Manufacturing
• Sales
• Technology

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