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Lump sum

   Also found in: Dictionary/thesaurus, Acronyms, Wikipedia 0.04 sec.
Lump sum
A large one-time payment of money.

Lump sum. A lump sum is an amount of money you pay or receive all at once rather than in increments over a period of time.

For example, you buy an immediate annuity with a single lump-sum payment. If you receive the face value of a life insurance policy when the insured person dies, or receive the full value of your retirement account, those payments are also lump sums.



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