specified sum
[ˈspɛsɪfaɪd sʌm]
noun phrasepl: specified sums
quantia especificada
1. A particular amount of money that has been clearly stated, determined, or agreed upon in advance
The contract requires payment of a specified sum of $5,000 by the end of the month.
O contrato exige o pagamento de uma quantia especificada de $5.000 até o final do mês.
2. In legal and financial contexts, an exact monetary amount that is not subject to change or negotiation
The insurance policy will pay out a specified sum in case of total loss.
A apólice de seguro pagará uma quantia especificada em caso de perda total.
This term is primarily used in formal, legal, and financial contexts in both the United States and Brazil. It is common in contracts, insurance policies, loan agreements, and court documents. The precision required by this phrase reflects the importance of clarity in binding agreements across both English and Portuguese-speaking jurisdictions.
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