Penal Sum – the monetary amount specified as a penalty in a penal bond

     This page is continued from Legal Instruments >>>> Security >>>> Bonds>>>> Bonds that ensure obligation to pay money if a certain event takes place >>>> Penal Bond.

     This page is also continued from Criminal Proceedings >>>> Bail >>>> Bail Bond:

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penal sum:
(17c)

1. The monetary amount specified as a penalty in a penal bond. [1]

1. The amount of the penalty specified in a bond or undertaking for a breach or non-fulfillment. [2]

1. The amount of the penalty specified in a penal bond. [3]

References:

Disclaimer: All material throughout this website is compiled in accordance with Fair Use.

[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black & Editor in Chief Bryan A. Garner. ISBN: 978-0-314-62130-6

[2]: Ballantine’s Law Dictionary with Pronunciations
Third Edition
 by James A. Ballantine (James Arthur 1871-1949).  Edited by William S. Anderson.  © 1969 by THE LAWYER’S CO-OPERATIVE PUBLISHING COMPANY.  Library of Congress Catalog Card No. 68-30931

[3]:  Ballantine’s Law Dictionary Legal Assistant Edition
by Jack Ballantine 
(James Arthur 1871-1949).  Doctored by Jack G. Handler, J.D. © 1994 Delmar by Thomson Learning.  ISBN 0-8273-4874-6.

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