- sum payable
- The amount payable by the obligor under a bill, note, or contract.
Ballentine's law dictionary. Anderson, W.S.. 1998.
sum payable
Look at other dictionaries:
sum payable — As used within negotiable instruments law is the amount for which, by the terms of the instrument, the maker becomes liable, and which he might tender and pay in full satisfaction of his obligation. See also sum certain … Black'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
