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• If any means there may be no requirement for the premium. Seen in 2 SEC filings
• If any means If there is any responsibility to compensate for a loss connected to the insured risk. Seen in 1 SEC filing
• If any means the fee due by [organization] in relation to every [purchase contract], equivalent to [number]% annually of the stated amount. There is no payment due if this percentage is 0%. This is calculated on the assumption of a 360-day year consisting of twelve 30-day months, in addition to any outstanding contract adjustments accrued. Seen in 1 SEC filing

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

• If any means there is no requirement or obligation, such as a premium or fee.

Relevant Contract Types

• Service Level Agreements
• Supply Agreements
• Lease Agreements
• Purchase Orders

Relevant Circumstances

• Where no obligation for payment is outlined.
• In clauses defining potential payments on occurrence of set conditions.

Relevant Sectors

• Real Estate
• Retail
• IT and Software
• Manufacturing

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