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lump sum

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Definition of lump sum in English:

noun

A single payment made at a particular time, as opposed to a number of smaller payments or instalments: your pension plan can provide a cash lump sum at retirement as well as a regular income [as modifier]: a lump sum payment
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.

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