amount

The whole effect, substance, quantity, import, result, or significance. The sum of principal and interest.

See also sum certain

@ amount covered

In insurance, the amount that is insured, and for which underwriters are liable for loss under a policy of insurance

@ amount in controversy

The damages claimed or relief demanded by injured party in dispute; the amount claimed or sued for in litigation. Glenwood Light & Water Co. v. Mutual Light, Heat & Power Co., 239 U.S. 121, 36 S.Ct. 30, 60 L.Ed. 174; Wabash Ry. Co. v. Vanlandingham, C.C.A.Mo., 53 F.2d 51.

Amount of alleged damages required for diversity jurisdiction in Federal courts. 28 U.S.C.A. No. 1332.

See jurisdictional amount

@ amount of loss

In insurance, the diminution, destruction, or defeat of the value of, or of the charge upon, the insured subject to the assured, by the direct consequence of the operation of the risk insured against, according to its value in the policy, or in contribution for loss, so far as its value is covered by the insurance.

See damages

@ amount realized

The amount received by a taxpayer upon the sale or exchange of property. The measure of the amount received is the sum of the cash and the fair market value of any property or services received, plus any related debt assumed by the buyer. Determining the amount realized is the starting point for arriving at realized gain or loss. The amount realized is defined in I.R.C. No. 1001(b) and accompanying Regulations.

See realized gain or loss

- recognized gain or loss

@ amount to

To reach in the aggregate; to rise to or reach by accumulation of particular sums or quantities

@