The phrase "a sum equivalent to" is correct and usable in written English.
It can be used when discussing amounts of money or values that are equal to each other.
Example: "The total cost of the project was a sum equivalent to $10,000."
Alternatives: "an amount equal to" or "a value matching".
This week Mr Maskhadov was in Moscow demanding $260 billion—a sum equivalent to roughly 60% of Russia's entire GDP, or a transfer of $1,750 from every Russian and $200,000 to every Chechen.Russia seems ready to part with a few tens of millions of dollars at most, but only if Chechnya behaves itself.
At the end of 1996, it had $1.8 billion in cash and short-term investments—a sum equivalent to 63% of its annual sales.Regardless of how many ideas it develops, Thermo also faces a dilemma that has long confounded more orthodox ideas factories such as 3M (the company that invented the Post-it Note): how to craft a coherent, long-term strategy from an unpredictable ideas machine.
A sum equivalent to $730m was earmarked for defence.
Whoops, there goes a sum equivalent to almost a third of last year's profits.
China remains the world's largest manufacturer, with four trillion dollars in foreign-exchange reserves (a sum equivalent to the world's fourth-largest economy).
But two years later it sold half of the stake to the Brazilian mining giant Vale for $2.5bn – a sum equivalent to roughly twice Guinea's annual budget.
In the program, the Ugandan government offered young adults the chance to band together, submit a proposal and receive a big sum — equivalent to a year's income per person — with no follow-up.
That is a huge sum, equivalent to roughly a quarter of the entire NHS budget.
Generally, a lump sum, equivalent to three months of annual ministerial salary, is payable when a minister ceases to hold office.
It paid Manchester United a record sum equivalent to $132 million to acquire Cristiano Ronaldo two years ago.
This is a colossal sum, equivalent to 11% of the emerging markets' combined GDP in 2013.
