"sum payable" is a grammatically correct and commonly used phrase in written English.
It refers to the amount of money that is required to be paid. Examples: 1. The invoice states a sum payable of $500 for the services rendered. 2. The contract clearly outlines the sum payable for the purchase of the property. 3. Failure to pay the sum payable by the due date will result in penalty fees. 4. The borrower must repay the loan with interest, totaling the sum payable of $10,000. 5. The insurance policy specifies the sum payable to the beneficiary upon the death of the insured.
There are also decreasing term policies where the sum payable on death reduces over the course of the term.
He was offered a contract of £5,000 for the entire sequence, a respectable sum, payable in installments of £500 per book.
The check came back through her bank, properly endorsed by Catharine of Aragon, who had made the full sum payable to the Literary Guild.
Cash in the bank, from the individual and business point of view, means a sum payable in cash immediately, during regular banking hours, on order, deposited in what is called a commercial or checking account.
Instead, Miller is referring to the decision by fellow MPs on the standards and privileges committee to overturn Hudson's recommendation by reducing the sum payable to just £5,800.
However, since the tax was paid only on dividends cashed, not on the total sum payable to the Vatican, it was impossible to estimate the total value of Vatican holdings in Italian investments.
Eight categories of assault were identified, ranging from touching over clothing to rape, with fixed sums payable for each category up to a maximum of £60,000.
His Bohemian revenues, though large, were strained by the great sums payable to the electors in return for his elevation to the kingship.
All sums payable to GNM should be made in accordance with GNM Financial Terms & Conditions which are: All new customers will be required to prepay unless credit terms have been approved following a satisfactory credit check.
This case presents questions as to the validity of an order issued by petitioner, the Postmaster General, which directed that mail addressed to some of respondents be returned to the senders marked 'Fraudulent,' and that postal money order sums payable to their order be returned to the remitters.
"Following such discussions, it was only when no sums actually arrived from Rangers FC that the SPFL Board decided to offset this liability against future sums payable to the Club".
