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- DictionaryLump sum/ˌləmp ˈsəm/
noun
- 1. a single payment made at a particular time, as opposed to a number of smaller payments or installments: "your pension plan can provide a cash lump sum at retirement as well as a regular income"
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The meaning of LUMP SUM is an amount of money that is paid at one time : a single sum of money. How to use lump sum in a sentence.
LUMP SUM definition: 1. an amount of money that is paid in one large amount on one occasion: 2. an amount of money that…. Learn more.
an amount of money that is paid in one large payment on one occasion: She received a lump sum of €70,507 when she retired. be paid/taken as a lump sum The entire amount can be taken as a lump sum. If the pension is small, it may be paid as a one-off lump sum payment at age 65.
A lump sum is a single payment of money, as opposed to a series of payments made over time (such as an annuity).
Lump sum definition: a relatively large sum of money, paid at one time, esp in cash. See examples of LUMP SUM used in a sentence.
Jun 24, 2024 · A lump-sum payment is a monetary sum paid in one single payment instead of allocated into installments. Lump sums are commonly associated with pension plans and other retirement vehicles,...
A lump sum is an amount of money that is paid as a large amount on a single occasion rather than as smaller amounts on several separate occasions. They were given a tax-free lump sum at retirement age.
a large amount of money given as a single payment: She received a tax-free lump sum on leaving the company. (Definition of lump sum from the Cambridge Learner's Dictionary © Cambridge University Press) Translations of lump sum. in Chinese (Traditional) 一次性支付的金額，一整筆款項… See more. in Chinese (Simplified) 一次性支付的金额，一整笔款项… See more. in Spanish.
an amount of money that is paid at one time and not on separate occasions. She was given a lump sum when she retired. Definition of lump sum noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
Define lump sum. lump sum synonyms, lump sum pronunciation, lump sum translation, English dictionary definition of lump sum. n. A single sum of money that serves as complete payment. lump′-sum′ adj. American Heritage® Dictionary of the English Language, Fifth Edition.
