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Sum certain

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From Wikipedia, the free encyclopedia

A sum certain is a specified and set amount of money owed by one person to another. It is a legal term of art, having specialized meaning in the law. Some kinds of legal claims can not be brought at all unless the sum certain can be pleaded. A document claimed to be a negotiable instrument can not be negotiated unless it is for a sum certain.[1][2]

References

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  1. ↑ "What Does Sum Certain Mean?". Investopedia. Retrieved 2016-09-25.
  2. ↑ "Sum Certain (Contracts) Explained". The Business Professor, LLC. Retrieved 2016-09-25.
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