lump sum

British  

noun

1. a relatively large sum of money, paid at one time, esp in cash

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Example Sentences

The possible winner of Monday’s draw could choose between an annuitized prize of $1.6 billion or a lump sum of $735.3 million before taxes; if the winner is in California, state taxes are not imposed.

From Los Angeles Times

If someone wins Wednesday’s jackpot, they can choose between an annuitized prize of about $1.25 billion or a lump sum payment estimated at $572.1 million before taxes, according to the release.

From Los Angeles Times

He does not want the chancellor to "touch pensions" by changing the tax-free lump sum allowance for withdrawing pension savings.

From BBC

Regarding your concerns about having to take a “lump sum,” the court can order that the transfer be processed as an inherited IRA transfer.

From MarketWatch

It’s the eighth-largest prize in the game’s history — and if there’s a winner, that person can claim it as a series of annual payments, or opt for a lump sum of $452.2 million before taxes.

From MarketWatch