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Legal Definition and Related Resources of Penal sum
Meaning of Penal sum
A sum payable as a penalty. Usually applied to the sum fixed by a bond to be paid on breach of its condition.
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This definition of Penal Sum is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.
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(2013, 04). Penal Sum legaldictionary.lawin.org Retrieved 08, 2014, from http://legaldictionary.lawin.org/penal-sum
"Penal Sum" legaldictionary.lawin.org. 04 2013. 08 2014 <http://legaldictionary.lawin.org/penal-sum>
"Penal Sum" legaldictionary.lawin.org. legaldictionary.lawin.org, 04 2013. Web. 08 2014. <http://legaldictionary.lawin.org/penal-sum>
"Penal Sum" legaldictionary.lawin.org. 04, 2013. Accesed 08 2014. http://legaldictionary.lawin.org/penal-sum
Encyclopedic, 'Penal Sum' (legaldictionary.lawin.org 2013) <http://legaldictionary.lawin.org/penal-sum> accesed 2014 August 23
This entry was last modified: April 22, 2013