sum payable — The amount payable by the obligor under a bill, note, or contract … Ballentine's law dictionary
payable — pay·able adj: that may, can, or must be paid Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. payable I … Law dictionary
sum — ▪ I. sum sum 1 [sʌm] noun [countable] 1. an amount of money: • Large sums of money are spent on advertising campaigns. • The company was sold for a sum estimated at $2.3 billion. ˌcapital ˈsum 1 … Financial and business terms
sum certain — A requisite of a negotiable instrument is that it contains an unconditional promise to pay a sum certain. U.C.C. No. 3 104(lXb). In law of negotiable instruments, the sum payable is a sum certain even though it is to be paid (a) with stated… … Black's law dictionary
sum — {{Roman}}I.{{/Roman}} noun 1 amount of money ADJECTIVE ▪ considerable, generous, good, great, handsome, hefty, high, large, not inconsiderable (esp. BrE) … Collocations dictionary
payable — ready to be paid. Glossary of Business Terms * * * payable pay‧a‧ble [ˈpeɪəbl] adjective [not before a noun] 1. ACCOUNTING a bill, debt etc that is payable must be paid, often by a certain date: • Shareholders will receive a final dividend of… … Financial and business terms
payable — Capable of being paid; suitable to be paid; admitting or demanding payment; justly due; legally enforceable. A sum of money is said to be payable when a person is under an obligation to pay it. Payable may therefore signify an obligation to pay… … Black's law dictionary
Bills payable — Bill Bill, n. [OE. bill, bille, fr. LL. billa (or OF. bille), for L. bulla anything rounded, LL., seal, stamp, letter, edict, roll; cf. F. bille a ball, prob. fr. Ger.; cf. MHG. bickel, D. bikkel, dice. Cf. {Bull} papal edict, {Billet} a paper.]… … The Collaborative International Dictionary of English
capital sum — /kæpətl ˈsʌm/ (say kapuhtl sum) noun the sum stated to be payable on the happening of some event against which insurance has been effected …
capital sum — ► NOUN ▪ a lump sum of money payable to an insured person or paid as an initial fee or investment … English terms dictionary