agreed on amount

USAGE SUMMARY

The phrase "agreed on amount" is correct and usable in written English.
It can be used when referring to a specific sum of money that has been mutually accepted by parties involved in a transaction or agreement. Example: "The contract specifies the agreed on amount for the services rendered will be $5,000."

✓ Grammatically correct

News & Media

Formal & Business

Wiki

Human-verified similar examples from authoritative sources

Similar Expressions

60 human-written examples

If they can't agree on amounts, the judge said, she would hold another court hearing, according to online court records.

The Washington Post

Would the original, agreed-on amount — in this case $20,000 — be sufficient?

The New York Times

Straight salary is a fixed, agreed-on amount of gross pay that does not vary from week to week during a definite period of time.

Harvard Business Review

But lawmakers had not agreed on the amount and type of tax incentives, issues that House and Senate tax writers negotiate.

The New York Times

The two sides also agreed on the amount of money the clubs would spend annually for the benefit plan.

The New York Times - Sports

He also asked about the "adequacy and fairness" of how the two sides agreed on the amount to be given to charity.

The New York Times

The newspaper said that the US Federal Trade Commission and Facebook had not agreed on an amount, citing two people it said were familiar with the matter.

The Guardian - Tech

Kerry said Russia and the US had agreed on the amount and type of Syria's chemical weapon arsenal and committed to assuming control of it and eliminating it in the "soonest and safest" way.

The Guardian

The House and Senate had each passed bills to extend the benefits, but the Senate's was far more generous than the House's, and neither could be approved until the two houses agreed on the amount.

The New York Times

The owner of the land and the conservation group negotiated hard and tentatively agreed on an amount of rain forest to be protected and a price per hectare based on local currency.

Harvard Business Review

The panel achieved a breakthrough at a three-day retreat in Alexandria, Va., during which commissioners agreed on the amount of revenue needed to keep Social Security solvent and began discussing proposals to meet the shortfall through benefit cuts and tax increases.

The New York Times

Expert writing Tips

Best practice

When using "agreed on amount", ensure that it is clear who agreed upon the amount. Explicitly state the parties involved for clarity.

Common error

Avoid using "agreed on amount" without specifying the currency or context. Always include the currency (e.g., "$500 agreed on amount") to prevent confusion.

Linguistic Context

The phrase "agreed on amount" functions as a noun phrase that describes a specific sum or quantity that has been mutually accepted by parties involved in a transaction or agreement. It is commonly used to specify the financial terms of an agreement.

Expression frequency: Common

Frequent in

News & Media

34%

Formal & Business

33%

Wiki

16%

Less common in

Science

6%

Academia

5%

Reference

1%

Ludwig's WRAP-UP

The phrase "agreed on amount" is a commonly used and grammatically correct way to refer to a sum or quantity that has been mutually accepted. As Ludwig indicates, it is suitable for various contexts. While the phrase is prevalent in "News & Media", "Formal & Business", and "Wiki" sources, it is essential to ensure clarity by specifying the parties involved and the currency. Alternatives such as "mutually accepted sum" or "settled price" may be used depending on the context, but "agreed on amount" remains a versatile and widely understood choice.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

mutually accepted sum

This alternative emphasizes the mutual acceptance of the sum, focusing on the consensus between parties.

predetermined sum

This phrase highlights that the sum was determined beforehand, shifting the focus to the timing of the agreement.

settled price

This option is suitable when referring to a final price after negotiation or agreement.

agreed price point

Slightly more formal, this alternative emphasizes the specific point on a price scale that was agreed upon.

finalized payment

This phrase concentrates on the payment aspect after an agreement has been reached.

established fee

Suitable for services, this indicates a fee that has been formally agreed upon.

contracted sum

This alternative highlights that the amount is specified within a formal contract.

approved expenditure

This phrase implies that the amount has been officially approved, typically by a governing body.

mutually consented figure

This more formal option emphasizes that both parties consented to the financial figure.

stipulated payment

This alternative suggests the amount is explicitly stated or required in an agreement or legal document.

FAQs

How can I use "agreed on amount" in a sentence?

You can use "agreed on amount" when referring to a specific sum that parties have mutually accepted. For example, "The "agreed on amount" for the project was $10,000".

What are some alternatives to "agreed on amount"?

Alternatives include "mutually accepted sum", "settled price", or "finalized payment", depending on the context.

Is it better to say "agreed upon amount" or "agreed on amount"?

"Agreed on amount" and "agreed upon amount" are both acceptable. However, "agreed on amount" is more commonly used, as suggested by Ludwig.

What does it mean when something is an "agreed amount"?

An "agreed amount" signifies a sum or quantity that has been mutually accepted by the parties involved in a transaction or discussion. It implies a consensus has been reached.