Definition of lump sum in English:

lump sum

Syllabification: lump sum

noun

A single payment made at a particular time, as opposed to a number of smaller payments or installments.
More example sentences
  • When he dies, his wife is usually guaranteed a lump sum or payment of income for five years only.
  • At the end of the term, a pre-agreed single lump sum payment is made by the borrower to clear the debt.
  • It stated that the funds were to be used to secure the Retirement Benefits which were an annuity and a lump sum payment.

Definition of lump sum in: