SUM CERTAIN Meaning and
Definition
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Sum certain refers to a specific and definite amount of money or value that can be clearly determined and stated. It is a legal term commonly used in contracts, agreements, and financial matters to denote a fixed and agreed-upon sum of money that must be paid or received. The term emphasizes the precise and unambiguous nature of the specified amount.
In legal contexts, sum certain is often used to identify a specific dollar amount that must be paid as compensation, damages, or as consideration for a transaction or service. It can also refer to a predetermined value that represents the total amount owed in a debt or the agreed-upon price in a sales contract.
The phrase is particularly important as it sets clear expectations and obligations for all parties involved. It helps prevent any ambiguity or dispute over the amount to be paid or received, ensuring that the terms of the agreement are well-defined and unequivocal.
Overall, sum certain denotes a fixed and unalterable amount of money or value that holds a significant role in financial and legal matters. Its usage brings clarity and precision to contractual obligations, enabling parties to understand and fulfill their financial responsibilities without any uncertainties or disagreements.
Common Misspellings for SUM CERTAIN
- aum certain
- zum certain
- xum certain
- dum certain
- eum certain
- wum certain
- sym certain
- shm certain
- sjm certain
- sim certain
- s8m certain
- s7m certain
- sun certain
- suk certain
- suj certain
- sum xertain
- sum vertain
- sum fertain
- sum dertain
- sum cwrtain
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