Definition

Noun: A single, complete payment of money, paid all at one time rather than in multiple installments over a period.

Usage

This term is used to describe a financial transaction where the total amount owed is paid in one full payment. It contrasts with payments made in parts (installments or annuities).

Examples

• The lottery winner chose to receive a lump sum instead of annual payments.
• Upon retirement, she received a lump sum from her pension fund.
• The contractor requested a lump sum for the entire project.

Advanced Usage

• "To take/pay a lump sum": To receive or make a single, full payment.
  • He decided to take his bonus as a lump sum.
• "Lump-sum payment": A compound term specifying the type of transaction (often listed under variants).
  • The settlement was a one-time lump-sum payment.

Variants and Related Words

• Lump-sum payment (n): A payment of a single, complete sum.
• Lump-sum distribution (n): A single payment from a retirement or benefit plan that represents the entire amount.

Synonyms

• One-time payment
• Single payment
• Bullet payment

Antonyms

• Installment
• Annuity
• Periodic payment

Noun

1. a complete payment consisting of a single sum of money