Sum Of Money for Dummies
noun
What does Sum Of Money really mean?
Hey there! I'm here to explain what "sum of money" means. Don't worry, I'll break it down in a way that's easy to understand. So, let's dive right in!
Imagine you have a bunch of coins from different countries, like pennies, dimes, or even euros. Each of these coins has a different value, right? Well, when we talk about a "sum of money," we're simply referring to the total amount of money you have altogether.
Let's say you have 3 pennies, 2 dimes, and 4 euros. To find the sum of money, you would add up the value of each coin. So, if a penny is worth one cent, a dime is worth ten cents, and a euro is worth 100 cents, you would add them all together like this:
3 pennies (3 cents) + 2 dimes (20 cents) + 4 euros (400 cents) = 423 cents
So, in this case, your "sum of money" would be 423 cents or, if you prefer, $4.23. It's just a way of talking about the total amount of money you have, whether it's in coins, bills, or even different currencies.
But wait, there's more to it! "Sum of money" can also mean something different in certain legal and financial contexts. In these cases, it refers to a specific amount of money that is determined or agreed upon.
For example, let's say you borrow some money from a friend and agree to pay it back. The "sum of money" in this case would be the exact amount you borrowed, which could be $100, $500, or any other number. It's like a specific quantity or total that is owed or calculated.
Further, "sum of money" could also refer to a specific amount awarded in a court case as compensation for damages. So, if someone sues another person for causing harm, the court might determine that the harmed person should receive a certain "sum of money" as compensation.
So, that's the low-down on what "sum of money" means! It's basically the total amount of money you have altogether, or in certain cases, a specific amount that is agreed upon or awarded in legal and financial situations. I hope that explanation clears things up for you!
Revised and Fact checked by Emily Johnson on 2023-10-28 22:15:11
Sum Of Money In a sentece
Learn how to use Sum Of Money inside a sentece
- When you go to buy a toy, you give the cashier some sum of money to pay for it.
- If you are saving up to buy a video game, you add a little sum of money to your jar every week.
- A businessman might receive a large sum of money as payment for a big project he completed.
- When you go to a restaurant, you need to give the waiter a sum of money to pay for the food you ate.
- Sometimes people lend each other a sum of money, and later the borrower gives that money back to the lender.
Sum Of Money Synonyms
Words that can be interchanged for the original word in the same context.
Sum Of Money Hypernyms
Words that are more generic than the original word.
Sum Of Money Hyponyms
Words that are more specific than the original word.