Principal Sum definition

Principal Sum means the Maximum Benefit.

Principal Sum means the full amount of the benefit paid for losses listed in the Table of Losses. The Principal Sum is shown in the Schedule of Benefits. Where less than 100% is shown, that portion of the full amount (Principal Sum) is payable.

Principal Sum means the outstanding principal, including all arrears of principal, and the outstanding interest, including all interest billed and unpaid as well as accrued since the last billing date.

Examples of Principal Sum in a sentence

• Benefit Amount 10% of the Principal Sum up to a maximum of $3,000 Class 2 Benefit Amount 10% of the Principal Sum up to a maximum of $3,000 Class 3 Benefit Amount 10% of the Principal Sum up to a maximum of $3,000 This Benefit Amount is not subject to Section IV - Maximum Payment for Multiple Losses and Multiple Benefits, of the Contract.

• This means that if you were to lose both hands and both feet in an automobile accident, you would receive the Principal Sum only, not double the Principal Sum.

• If you suffer any loss shown in the TABLE OF LOSSES as the result of an accident occurring while you are insured, you will be paid up to the "Principal Sum".

• BTA6054 Psychological Therapy Class 1 Benefit Amount 10% of the Principal Sum up to a maximum of $3,000 Class 2 Benefit Amount 10% of the Principal Sum up to a maximum of $3,000 Class 3 Benefit Amount 10% of the Principal Sum up to a maximum of $3,000 This Benefit Amount is not subject to Section IV - Maximum Payment for Multiple Losses and Multiple Benefits, of the Contract.

• BTA6072 Rehabilitation Expense Class 1 Benefit Amount 10% of the Principal Sum up to a maximum of $3,000 Class 2 Benefit Amount 10% of the Principal Sum up to a maximum of $3,000 Class 3 Benefit Amount 10% of the Principal Sum up to a maximum of $3,000 This Benefit Amount is not subject to Section IV - Maximum Payment for Multiple Losses and Multiple Benefits, of the Contract.

More Definitions of Principal Sum

Principal Sum means that amount specified in the Declarations as the “Principal Sum” for the Class of Eligible Members to which an Insured Person belongs.

Principal Sum means the amount indicated in the Schedule of Accident Benefits.

Principal Sum means a benefit amount payable for certain covered losses. The Principal Sum applicable to you or a dependent is shown in the Schedule.

Principal Sum means the amount of insurance appearing in Section IV-A of the Schedule of Benefits applicable to each Class. BTA5792

Principal Sum has the meaning specified above;

Principal Sum means $150,000.00 or such lesser Principal Sum as is owing under this Debenture from time to time;

Principal Sum means the sum of $250,000 (U.S.).