lump sum

noun

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

Example Sentences

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

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

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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.

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“I typically lean towards the lump sum, given we have something known now versus the unknown in the future,” he says.

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Beginning last fall, investigators started probing the former’s business model of buying a portion of a homeowner’s equity in exchange for a lump sum payment, records show.

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