sum is received

USAGE SUMMARY

The phrase "sum is received" is correct and usable in written English.
It can be used in contexts related to finance, accounting, or transactions to indicate that a specific amount of money has been received. Example: "Once the payment is processed, the sum is received and recorded in our financial system."

✓ Grammatically correct

Science

News & Media

Wiki

Human-verified examples from authoritative sources

Exact Expressions

1 human-written examples

With the exclusion of the very same period when the lump sum is received, subjects under consume in all periods relative to the optimal path.

SERIEs

Human-verified similar examples from authoritative sources

Similar Expressions

59 human-written examples

It suggests that savings tend to be precautionary, with the exception of the periods in which the high lump-sum is received.

SERIEs

Inversely, with the buyer of a binary put option, the finite lump sum payout is received by the buyer if the asset closes below the stated strike price.

Forbes

The total score is received by summing up the scores of all items (range 10 70).

Annals of Intensive Care

As he tells me, "I love karma because the idea is that the sum of all your efforts is received by some monitoring angel who assigns you to your next boulot.

The New Yorker

However, none of the sums declared are received by Brown himself.

The Guardian

After five months of daily calls to donate to the statue fund, on August 11 , 1885 the World announced that $102,000 had been raised from 120,000 donors, and that 80 percent of the total had been received in sums of less than one dollar.

Wikipedia

That is, a sum that will be received in 19 years is valued the same as a sum that will be received in 20 years, while money that will be received next year is highly discounted compared with money received today.

The New York Times

UNHCR added that an estimated $5.5 billion in humanitarian and development funding is needed in 2015 to help deal with the crisis, but that as of late June, only 24percentt of this sum had actually been received. .

Vice

Now, when lump sums of money are received from the Factor, all that needs to be done is make a deposit in QuickBooks depositing the money into the checking account and choosing " Due from Factor " as the From Account.

WikiHow

For example, "Subtenant will pay Tenant the sum of $500 monthly, to be received by the Tenant by the 3rd day of each month".

WikiHow

Expert writing Tips

Best practice

When writing about financial transactions, use "sum is received" to clearly indicate that an amount has been obtained or credited, ensuring clarity in accounting or reporting contexts.

Common error

Avoid overuse of the passive voice ("")sum is received"") when active voice (e.g., "we received the sum") would be more direct and engaging. Choose the voice that best suits the context and desired emphasis.

Linguistic Context

The phrase "sum is received" functions as a passive construction, typically used in financial or transactional contexts. It indicates that a specific amount of money or funds has been obtained. As Ludwig AI points out, it's grammatically correct.

Expression frequency: Common

Frequent in

News & Media

30%

Science

30%

Wiki

20%

Less common in

Encyclopedias

10%

Formal & Business

10%

Reference

0%

Ludwig's WRAP-UP

In summary, the phrase "sum is received" is a grammatically correct and commonly used expression, particularly in financial and formal contexts. As confirmed by Ludwig AI, it effectively communicates the completion of a transaction or the acquisition of funds. While alternatives like "amount is collected" or "payment is obtained" exist, the phrase remains a clear and concise way to indicate that a specific amount has been obtained. Its usage spans across news, scientific documents, and accounting records, making it a versatile tool in professional communication.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

amount is collected

Replaces "received" with "collected", focusing on the action of gathering the sum.

payment is obtained

Substitutes "sum" with "payment" and "received" with "obtained", highlighting the act of acquiring funds.

total is acquired

Uses "total" in place of "sum" and "acquired" instead of "received", emphasizing the gaining of the full amount.

funds are transferred

Focuses on the transfer of funds rather than the act of receiving, changing the emphasis slightly.

money is credited

Highlights the crediting of money to an account, shifting the context to banking or accounting.

revenue is generated

Emphasizes the creation of revenue, changing the focus from receiving to generating funds.

income is earned

Changes the context to earning income rather than simply receiving a sum.

dues are paid

Specifies that dues, rather than a general sum, are being paid, narrowing the context.

proceeds are gained

Focuses on the proceeds being gained, shifting the emphasis to the result of an action.

compensation is awarded

Specifies that compensation, rather than a general sum, is awarded, narrowing the context.

FAQs

What does "sum is received" mean in accounting?

In accounting, "sum is received" indicates that a specific amount of money or funds has been obtained and recorded as income or an asset. It confirms the completion of a financial transaction.

How can I rephrase "sum is received" for better clarity?

For clearer alternatives, you could use phrases like "amount is collected", "payment is obtained", or "funds are transferred", depending on the context.

Is it better to say "sum is received" or "amount is received"?

Both phrases are acceptable, but "amount is received" might be more commonly used in general writing. "Sum is received" is often preferred in formal or financial contexts.

What's the difference between "sum is received" and "sum was received"?

"Sum is received" implies a current or ongoing action, while "sum was received" indicates a past action. For example, "the sum is received upon completion" versus "the sum was received yesterday".