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Sum Certain

   Also found in: Legal 0.01 sec.
Sum Certain
In law, a specific amount of money stated in a contract. For example, a company may agree to buy another for $10 million. The $10 million price is sum certain, as opposed to an agreement to buy the other company for whatever its market value happens to be when the deal is finalized.


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A straight debt instrument is a written unconditional promise to pay (whether or not embodied in a formal note) on demand or on a specific date a sum certain in money (Sec.
That's a sum certain Premiership players might earn in a matter of hours these days.
Med Pro petitioned to intervene, asserting that it held settlement discussions with the Cohens, the Cohens agreed to settle the matter of a sum certain within policy limits, and Dr.
 
 
 
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