Amount (noun):
1. The total quantity, extent, or value of something, typically expressed in numerical terms.
Example: The amount of money in his bank account is $10,000.
2. The degree or level of something, especially in terms of importance, significance, or intensity.
Example: The amount of effort she put into her project was commendable.
3. A specified or indefinite quantity or number of something.
Example: She bought a large amount of groceries for the party.
4. The sum of money owed or payable.
Example: The amount due on the invoice is $500.
5. The total effect or result of something.
Example: The amount of rainfall this month has caused flooding in some areas.
Amount refers to the quantity or value of something, typically in terms of money. In legal contexts, the term “amount” is often used to describe the sum of money owed, paid, or awarded in a legal transaction or dispute. It can refer to various financial aspects, such as the amount of damages sought in a lawsuit, the amount of a contract or loan, or the amount of money owed in taxes or other financial obligations. The determination of the amount in a legal matter is crucial as it can have significant implications for the parties involved and may be subject to specific legal rules and regulations.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 29th March 2024.
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