- sum
- ▪ I. sum sum 1 [sʌm] noun [countable]1. an amount of money:
• Large sums of money are spent on advertising campaigns.
• The company was sold for a sum estimated at $2.3 billion.
ˌcapital ˈsum1. FINANCE a single amount of money paid out to an investor by an investment, rather than a series of payments:• Corporate bonds pay a fixed rate of interest and then a capital sum on the bond's maturity.
2. INSURANCE a single payment to an insured person if certain conditions are met:• An endowment policy pays a capital sum to the insured at a specified time in the future.
ˌlump ˈsum INSURANCEan amount of money given in a single payment:• Accident victims can receive compensation payments in installments or as a lump sum.
• The early retirement plan offers four weeks' pay for every year of service, plus a lump-sum payment.
2. the sum of ACCOUNTING the total produced when you add two or more numbers together:• The sum of the loans was nearly 360 billion yen.
3. a simple calculation done by adding, multiplying, dividing etc:• You will have to do your sums (= calculate all the amounts involved ) , because interest-free credit may not be the cheapest way to buy.
— see also sum of the digits[m0] ▪ II. sum sum 2 verb summed PTandPPX summing PRESPARTXsum up phrasal verb1. [intransitive, transitive] sum something → up to give the main information about a report, speech etc in a short statement:• The report is 260 pages long, but its message can be summed up in three words: “Keep standards high”.
• To sum up, I suggest that if you are investing a sizeable amount for the first time, put it into two or three UK-based funds.
2. [intransitive] LAW when a judge sums up, he or she makes a statement at the end of a trial giving the main facts of the trial:• Summing up, the coroner praised the police for their investigation.
* * *
sum UK US /sʌm/ noun► [C] MONEY, FINANCE an amount of money: »Share price slid by 1p to 142p fuelled by concerns that the company might offer too generous a sum for the proposed venture in India.
»The sale of Germany's biggest commercial TV operator for an undisclosed sum follows a bidding contest.
»Banks may not be prepared to open an account if the sum involved is too small.
large/huge/enormous sums »Restrictions have been imposed by the government on the movement of large sums of money out of the country.
a small/modest/substantial sum »A substantial sum has been set aside for litigation relating to the construction project.
an additional/cash/final sum »The final sum an investor receives from a pension is dependent on the rate of investment growth.
»vast/huge/considerable sums
a sum of $8/£2,000/€1.2m, etc. »Legislation approved yesterday will raise a much-needed sum of £300,000 for use on the roads.
pay (out)/spend/invest a sum »Deposits are non-recoverable cash sums paid just to reserve a property, with a further sum payable when contracts are exchanged.
earn/receive/owe a sum »Victims of an explosion at a chemical works are set to receive large sums in compensation.
borrow/lend a sum »First-time buyers are having to borrow huge sums to buy a home.
► [S] (also sum total) the number or amount that is the result of adding together two or more numbers or amounts: sum of sth »In 2006, the sum of all income for residents of Colorado rose by 6.5%.
► [C] UK a calculation that involves adding, subtracting, multiplying, or dividing numbers: »You need to do your sums before deciding whether you would benefit more from a fixed-rate or a tracker mortgage.
»Amid the pressure to get their sums right, many funds have closed to new business.
► [S] (also sum total) the whole of something after all the different features or parts of it are considered: the sum of sth »We believe that the sum of our business principles maximizes our chances of success.
Financial and business terms. 2012.
