Lump sum

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Lump sum

A large one-time payment of money.

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.

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.

References in periodicals archive ?
Empirical findings in this paper clarify that the substitution effect works through the lump-sum aid as the theory of fiscal illusion predicted.
Unisys expects the lump-sum payments to be made by the end of the year.
In the wake of the IRS's limitation, which went into effect on July 9, the day it was announced, Jones predicted companies will consider the alternatives, which include lump-sum offers to former employees who are vested in the plan.
The 2014 lump-sum election rate, calculated as a dollar-weighted average for plan sponsors, was 49 percent.
In the GM and Ford lump-sum offers, I've counseled 60% to 65% of my clients to take the monthly payment, and 35% to 40% to take the lump sum.
The deferred withdrawal facility will replace the existing phased-withdrawal system under which the lump-sum amount can be withdrawn in a phased manner, with a minimum of 10 per cent of the lump-sum amount every year till turning 70.
Providing the option of a lump-sum payment to current salaried U.
The company expects the lump-sum payments to decrease its pension obligations by around USD26bn.
The CNA report focused on lump-sum compensation, rather than monthly disability pay, for veterans rated 10 percent or 20 percent disabled by the VA.
In the instant case, there is no question that W exchanged his future right to receive set amounts of income he had essentially already obtained for a lump-sum payment.
Delta said current retired pilots would still receive, on average, about $75,200 a year, including the lump-sum payment.
Some Fear the Treasury Doors Have Been Opened Too Wide but the Lump-Sum Reimbursement Is Allowed for an Expanded List of Relocation Costs