sum certain

sum certain
sum cer·tain /'səm-'sərt-ən/ n: an amount that can be determined with certainty from the information presented (as on a negotiable instrument) without resort to outside sources

Merriam-Webster’s Dictionary of Law. . 1996.

sum certain
n.
A specified or fixed sum of money.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


sum certain
An amount that is directly stated in a contract or negotiable instrument (like a promissory note) at the time the document is written. For example, "I agree to pay you $500 for painting my living room."
Category: Business, LLCs & Corporations
Category: Personal Finance & Retirement
Category: Real Estate & Rental Property
Category: Small Claims Court & Lawsuits

Nolo’s Plain-English Law Dictionary. . 2009.


sum certain
n. Any fixed, settled-upon, precise amount. It may be a commercial instrument with a fixed amount specified on its face.

Webster's New World Law Dictionary. . 2000.

sum certain
n.
   a specific amount stated in a contract or negotiable instrument (like a promissory note) at the time the document is written. A sum certain does not require future calculation or the awaiting of future happenings. Example: "Wanda Williams will pay Wilma Jackson $10,000 for redecorating her house, including all costs," is a sum certain as compared to "Williams will pay Jackson for time (at the rate of $50 an hour) and costs of materials for redecoration of Williams' house."

Law dictionary. . 2013.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • sum certain — ➔ certain * * * Ⅰ. sum certain ► LAW a particular amount of money stated in an agreement that cannot be changed: »The $10 million price is sum certain. Main Entry: ↑certain Ⅱ …   Financial and business terms

  • Sum Certain — A legal description of the predetermined settlement price for a contract or negotiable instrument. A sum certain refers to a fixed or specific amount of money, without any room for ambiguity. A negotiable instrument cannot be negotiated unless it …   Investment dictionary

  • sum certain — A requisite of a negotiable instrument is that it contains an unconditional promise to pay a sum certain. U.C.C. No. 3 104(lXb). In law of negotiable instruments, the sum payable is a sum certain even though it is to be paid (a) with stated… …   Black's law dictionary

  • sum certain —    A specific amount that is stated in a contract or negotiable instrument (e.g., a promissory note) at the time the document is written and is not dependent on a future calculation or a future event. Engaging someone to do a task for a stated… …   Business law dictionary

  • certain — cer‧tain [ˈsɜːtn ǁ ˈsɜːrtn] adjective a sum certain LAW an amount of money that cannot be changed or have anything added to it: • a written order requiring the importer to pay a sum certain in the exporter s domestic currency * * * certain UK US… …   Financial and business terms

  • sum — I (tally) noun compendium, essence, figure, gist, idea conveyed, meaning, score, substance, summary II (total) noun aggregate amount, all, entirety, everything, gross amount, sum total, the whole, totality, wholeness associated concepts: sum paid …   Law dictionary

  • certain — I (fixed) adjective absolute, assured, attested, certified, changeless, conclusive, confident, confirmed, decided, decisive, definite, determinate, determined, firm, guaranteed, incontestable, incontrovertible, indisputable, indubitable,… …   Law dictionary

  • sum payable — As used within negotiable instruments law is the amount for which, by the terms of the instrument, the maker becomes liable, and which he might tender and pay in full satisfaction of his obligation. See also sum certain …   Black's law dictionary

  • certain — et asseuré, Certus, Indubitatus. Certain de partir, Iam certus eundi. En certain temps, Rato tempore. Il est certain, Liquet, Certum, Non arbitrarium. Il n est rien si certain, Certo certius, B. ex Vlp. Pour certain, Nae, Nimirum, Plane, Verum… …   Thresor de la langue françoyse

  • sum|ma|ry — «SUHM uhr ee», noun, plural ries, adjective. –n. a brief statement giving the main points or substance of a matter; epitome; abstract; abridgment: »This history book has a summary at the end of each chapter. ╂[< Latin summārium < summa sum… …   Useful english dictionary

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