Sum Certain
A legal description of the predetermined settlement price for a contract or negotiable instrument.
This term refers to the stated final payment to be made at the end of a contract. A digital option is an example of a financial product with a sum-certain payment. After a set price is met, the payout is fixed instead of depending on or relating to the underlying security and strike price.
This term refers to the stated final payment to be made at the end of a contract. A digital option is an example of a financial product with a sum-certain payment. After a set price is met, the payout is fixed instead of depending on or relating to the underlying security and strike price.
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