Legal Definition and Related Resources of Penal sum
Synonyms and Definition Contents
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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|(2013, 04). Penal Sum legaldictionary.lawin.org Retrieved 09, 2015, from http://legaldictionary.lawin.org/|
|"Penal Sum" legaldictionary.lawin.org. 04 2013. 09 2015 <http://legaldictionary.lawin.org/>|
|"Penal Sum" legaldictionary.lawin.org. legaldictionary.lawin.org, 04 2013. Web. 09 2015. <http://legaldictionary.lawin.org/>|
|"Penal Sum" legaldictionary.lawin.org. 04, 2013. Accesed 09 2015. http://legaldictionary.lawin.org/|
|Encyclopedic, 'Penal Sum' (legaldictionary.lawin.org 2013) <http://legaldictionary.lawin.org/> accesed 2015 September 1|
- Article Name: Penal Sum
- Author: Encyclopedic
- Description: A sum payable as a penalty. Usually applied to the sum fixed by a bond to be paid on breach of its condition. ...
This entry was last modified: April 22, 2013