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Sum Certain (Contracts) - Definition

Written by Jason Gordon

Updated at July 6th, 2021

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Table of Contents

What is a Sum Certain?Academic Research

What is a Sum Certain?

A sum certain (or sum payable) describes the specific amount clearly stated in a financial contract or negotiable instrument such as a mortgage note or promissory note. A sum certain is void of ambiguity, hence, there can be no misconstruction or misinterpretation. A sum certain can also be used in purchase contracts, employment contracts, and lease contracts. 

Back To: COMMERCIAL LAW: CONTRACTS, PAYMENTS, SECURITY INTERESTS, & BANKRUPTCY

Academic Research



sum certain contracts

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