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Sum Certain |
Also found in: Legal | 0.01 sec. |
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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. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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