Lump sum
(redirected from lump)Also found in: Dictionary, Thesaurus, Medical, Acronyms, Idioms, Encyclopedia, Wikipedia.
Lump sum
A large one-time payment of money.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Lump Sum
A large amount of money one spends at once, especially to make a large purchase. For example, if a house costs $175,000, and the buyer pays the total amount up front, the buyer is said to make a lump sum payment.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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.
Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.