Unpaid Drawing definition: Copy, customize, and use instantly
Introduction
The term "Unpaid Drawing" refers to amounts that a party, such as a partner or member, has withdrawn from an account or business but has not yet repaid. It typically represents a liability or outstanding obligation within a financial or partnership context. Understanding "Unpaid Drawing" is essential for clarifying financial responsibilities, ensuring proper repayment, and maintaining accurate financial records.
Below are various examples of how "Unpaid Drawing" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Unpaid Drawing" in a partnership agreement
This definition ties "Unpaid Drawing" to partnership agreements.
"Unpaid Drawing" refers to the amount that a partner has drawn from the partnership's account but has not yet repaid, representing an outstanding obligation of the partner.
Definition of "Unpaid Drawing" in a limited liability company (LLC) agreement
This definition connects "Unpaid Drawing" to LLC agreements.
"Unpaid Drawing" refers to amounts withdrawn by a member from the LLC's capital account that remain unpaid and are considered as liabilities to the company.
Definition of "Unpaid Drawing" in a business loan agreement
This definition links "Unpaid Drawing" to business loan agreements.
"Unpaid Drawing" means funds that have been drawn from the loan facility but not yet repaid, remaining as an outstanding balance on the borrower's account.
Definition of "Unpaid Drawing" in a sole proprietorship
This definition applies "Unpaid Drawing" to sole proprietorships.
"Unpaid Drawing" refers to the amount of money that a sole proprietor has withdrawn for personal use but has not repaid to the business, leaving a liability on the company's books.
Definition of "Unpaid Drawing" in a cooperative agreement
This definition ties "Unpaid Drawing" to cooperative agreements.
"Unpaid Drawing" refers to the amount of funds that a cooperative member has withdrawn, which have not yet been settled or repaid, creating an outstanding liability for the member.
Definition of "Unpaid Drawing" in a corporate finance context
This definition connects "Unpaid Drawing" to corporate finance.
"Unpaid Drawing" means amounts that have been drawn by an individual or a group within the organization, which are due to be paid back but remain outstanding.
Definition of "Unpaid Drawing" in a family business context
This definition links "Unpaid Drawing" to family business agreements.
"Unpaid Drawing" refers to the withdrawal of funds by family members involved in the business that has not been reimbursed or repaid, leaving an unsettled liability.
Definition of "Unpaid Drawing" in a joint venture agreement
This definition applies "Unpaid Drawing" to joint ventures.
"Unpaid Drawing" refers to a drawing made by a joint venture participant that has not yet been reimbursed or settled, remaining as an outstanding claim.
Definition of "Unpaid Drawing" in a private equity partnership agreement
This definition ties "Unpaid Drawing" to private equity partnerships.
"Unpaid Drawing" refers to the amount of funds drawn by a partner that have not been repaid, which remains outstanding and may affect the partner's equity stake.
Definition of "Unpaid Drawing" in a capital account
This definition connects "Unpaid Drawing" to capital accounts.
"Unpaid Drawing" refers to the amount of money withdrawn from a capital account by the account holder that has not yet been replenished or repaid.
Definition of "Unpaid Drawing" in an equity distribution
This definition links "Unpaid Drawing" to equity distribution.
"Unpaid Drawing" refers to funds distributed to an equity holder that remain unpaid, representing an outstanding liability of the equity holder.
Definition of "Unpaid Drawing" in an investment agreement
This definition applies "Unpaid Drawing" to investment agreements.
"Unpaid Drawing" refers to the amount drawn by an investor, which has not been paid back, creating an outstanding balance under the terms of the investment agreement.
Definition of "Unpaid Drawing" in an employee stock ownership plan (ESOP)
This definition ties "Unpaid Drawing" to ESOPs.
"Unpaid Drawing" refers to amounts withdrawn by an employee or owner under an ESOP that have not yet been repaid, creating a liability for the individual in relation to the plan.
Definition of "Unpaid Drawing" in a debt covenant context
This definition connects "Unpaid Drawing" to debt covenants.
"Unpaid Drawing" refers to an amount drawn under a debt facility that has not been repaid in accordance with the covenant terms, resulting in a potential breach or violation.
Definition of "Unpaid Drawing" in a real estate partnership
This definition links "Unpaid Drawing" to real estate partnerships.
"Unpaid Drawing" refers to funds that a partner in a real estate venture has drawn from the partnership but has not yet repaid, resulting in an outstanding debt owed to the partnership.
Definition of "Unpaid Drawing" in a franchise agreement
This definition applies "Unpaid Drawing" to franchise agreements.
"Unpaid Drawing" refers to amounts drawn by a franchisee from the franchise's resources that have not been reimbursed or repaid, creating an outstanding financial liability.
Definition of "Unpaid Drawing" in a construction project context
This definition ties "Unpaid Drawing" to construction projects.
"Unpaid Drawing" refers to funds withdrawn from a project account for construction expenses that remain unpaid, representing an outstanding balance for the contractor or developer.
Definition of "Unpaid Drawing" in a partnership profit-sharing agreement
This definition connects "Unpaid Drawing" to profit-sharing agreements in partnerships.
"Unpaid Drawing" means amounts that a partner has drawn from the partnership’s earnings, which have not been deducted from the partner's share of profits, leaving an unsettled amount owed.
Definition of "Unpaid Drawing" in an executive compensation plan
This definition links "Unpaid Drawing" to executive compensation.
"Unpaid Drawing" refers to the amounts drawn by an executive under a compensation plan that have not yet been repaid or deducted, remaining as an outstanding liability.
Definition of "Unpaid Drawing" in a revenue sharing agreement
This definition applies "Unpaid Drawing" to revenue sharing agreements.
"Unpaid Drawing" refers to amounts withdrawn under the terms of a revenue-sharing agreement that have not been settled or paid back, resulting in a balance due.
Definition of "Unpaid Drawing" in an agricultural partnership
This definition ties "Unpaid Drawing" to agricultural partnerships.
"Unpaid Drawing" refers to the amounts withdrawn by a partner from the agricultural business for personal use but have not been reimbursed or repaid, leaving an unsettled liability.
Definition of "Unpaid Drawing" in a venture capital context
This definition connects "Unpaid Drawing" to venture capital agreements.
"Unpaid Drawing" refers to amounts drawn from a venture capital fund by a partner or investor that have not yet been paid back, creating an outstanding financial obligation.
Definition of "Unpaid Drawing" in a loan drawdown agreement
This definition links "Unpaid Drawing" to loan drawdown agreements.
"Unpaid Drawing" refers to an amount that has been drawn down from a loan facility but has not been repaid, creating an outstanding loan balance.
Definition of "Unpaid Drawing" in an international partnership
This definition applies "Unpaid Drawing" to international partnerships.
"Unpaid Drawing" refers to funds that a partner in an international venture has drawn but has not yet repaid, creating a liability for the business across borders.
Definition of "Unpaid Drawing" in a commodity trading agreement
This definition ties "Unpaid Drawing" to commodity trading agreements.
"Unpaid Drawing" refers to amounts withdrawn from a trading account that have not yet been paid back, creating an outstanding debt that must be settled.
Definition of "Unpaid Drawing" in a working capital agreement
This definition connects "Unpaid Drawing" to working capital agreements.
"Unpaid Drawing" refers to amounts taken from the working capital reserve that remain unpaid, creating a financial liability for the borrower or business.
Definition of "Unpaid Drawing" in a mutual fund agreement
This definition links "Unpaid Drawing" to mutual fund agreements.
"Unpaid Drawing" refers to amounts withdrawn by investors from a mutual fund that have not yet been repaid, leaving an outstanding balance to be settled.
Definition of "Unpaid Drawing" in a family trust agreement
This definition applies "Unpaid Drawing" to family trust agreements.
"Unpaid Drawing" refers to amounts taken from the family trust’s assets by beneficiaries that have not yet been reimbursed or settled, leaving a liability in the trust's accounting.
Definition of "Unpaid Drawing" in a buy-sell agreement
This definition ties "Unpaid Drawing" to buy-sell agreements.
"Unpaid Drawing" refers to amounts that have been drawn from the business under the terms of the buy-sell agreement but remain unpaid, creating a liability for the withdrawing party.
Definition of "Unpaid Drawing" in a shareholder loan agreement
This definition connects "Unpaid Drawing" to shareholder loans.
"Unpaid Drawing" refers to amounts that a shareholder has drawn from the company under a loan agreement that have not yet been repaid, resulting in a liability to the company.
Definition of "Unpaid Drawing" in a settlement agreement
This definition links "Unpaid Drawing" to settlement agreements.
"Unpaid Drawing" refers to the amounts drawn by a party to a settlement that remain unpaid or not yet reimbursed, creating an outstanding financial obligation.
Definition of "Unpaid Drawing" in an insurance claim settlement
This definition applies "Unpaid Drawing" to insurance claim settlements.
"Unpaid Drawing" refers to funds withdrawn by an insured party for a claim settlement that have not been repaid or accounted for, creating an outstanding claim balance.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.