Lump sum

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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.
References in periodicals archive ?
With this, he expressed hope that the Senate will agree with the lower chamber on its position that there is nothing illegal in post-bicameral itemization of lump-sum funds.
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.
Is it better to take a lump-sum pension payment or monthly disbursements?
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deferred withdrawal facility will replace the existing phased-withdrawal system under which the lump-sum amount can be withdrawn in a phased manner, with a minimum of 10 per cent of the lump-sum amount every year till turning 70.
The tax treatment of the lump-sum payment is normally more complicated.
Band members between the ages of 18 and 65 will can receive either an annual payment, for 16 years, of $1,500 or a one-time lump-sum payment of $20,000.
Auto Business News-June 4, 2012--General Motors Corporation to offer lump-sum pension payouts(C)1994-2012 ENPublishing - http://www.enpublishing.co.uk
A recent survey discussed the merits of a lump-sum payment vis-a-vis periodical payments in compensation for service-incurred disability.
The Veterans' Disability Benefits Commission has rejected a proposal that the Department of Veterans Affairs begin offering some veterans a lump-sum payment instead of lifetime monthly compensation.