principal sum

noun Insurance. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To principal sum
Example sentences
If more than one covered loss is sustained during one accident, the plan will pay all losses up to the principal sum amount.
After lengthy litigation, the contractor and the surety settled with the subcontractor for the entire principal sum in dispute.
In the case of a bond, the aggregate liability of the surety in no event shall exceed the principal sum of the bond.
The principal sum of the bond shall be twenty-five thousand dollars.
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