sum certain


Also found in: Financial.

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."

References in periodicals archive ?
11(1)(a) defines "earnings" as "compensation paid or payable, in money of a sum certain, for personal services or labor whether denominated as wages, salary, commission, or bonus.
Under the F&A endorsement, the insurer covered "loss resulting directly from 'forgery' or alteration of, on, or in any check, draft, promissory note, bill of exchange, or other similar written promise, order or direction to pay a sum certain.
We will pay for loss resulting directly from "forgery" or alteration of checks, drafts, promissory notes, or similar written promises, orders or directions to pay a sum certain in money that are made or drawn by one acting as an agent or purported to have been so made or drawn.
227) A plaintiff may apply to the clerk for a default judgment if his or her claim is for "a sum certain or for a sum which can by computation be made certain.
It can leave the defendants as much in the dark as they were before the verdict, other than knowing that they are jointly and severally liable to pay a sum certain to the plaintiff if the verdict stands up against post-trial legal challenges.
5) Where "the plaintiffs claim is for a sum certain or for a sum which can by computation be made certain," the plaintiffs application for a default judgment may be made to the clerk of the court.
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.
Debt is an unqualified obligation to pay a sum certain with interest, whether the debtor has income or losses.
Regardless of how well the company's business does, the company is committed to paying a sum certain at a time certain and for a period certain.