Definitions for lump sum
lump sum

Princeton's WordNetRate this definition:0.0 / 0 votes

1. lump sumnoun

   a complete payment consisting of a single sum of money

WiktionaryRate this definition:0.0 / 0 votes

1. lump sumnoun

   A relatively large single payment of money, either instead of, or in addition to a sequence of smaller payments.

WikipediaRate this definition:0.0 / 0 votes

1. Lump sum

   A lump sum is a single payment of money, as opposed to a series of payments made over time (such as an annuity).The United States Department of Housing and Urban Development distinguishes between "price analysis" and "cost analysis" by whether the decision maker compares lump sum amounts, or subjects contract prices to an itemized cost breakdown.In 1911, American union leaders including Samuel Gompers of the American Federation of Labor expressed opposition to lump sums being awarded to their members pursuant to a new workers compensation law, saying that when they received lump sums rather than periodic payments the risk of them squandering the money was greater.The Financial Times reported in July 2011 that research by Prudential had found that 79% of polled pensioners in the UK collecting a company or private pension that year took a tax-free lump sum as part of their retirement benefits, as compared to 76% in 2008. Prudential was of the view that for many retirees, a lump sum at the time of retirement was the most tax efficient option. However, Prudential's head of business development, Vince Smith Hughes, said, "some pensioners are beginning to regret the way they used the tax-free cash. The days of buying a shiny new car or going on a once-in-a-lifetime holiday may be gone."

ChatGPTRate this definition:0.0 / 0 votes

1. lump sum

   A lump sum is a total amount of money paid at one time, often as a single payment rather than in a series of smaller payments. It can refer to an amount agreed upon in a contract or for a settlement payout, an inheritance, a retirement account distribution, lottery winnings, or any other sum of money received in full at one time.

WikidataRate this definition:0.0 / 0 votes

1. Lump sum

   A lump sum is a single payment of money, as opposed to a series of payments made over time. The United States Department of Housing and Urban Development distinguishes between "price analysis" and "cost analysis" by whether the decision maker compares lump sum amounts, or subjects contract prices to an itemized cost breakdown. In 1911, American union leaders including Samuel Gompers of the American Federation of Labor expressed opposition to lump sums being awarded their members pursuant to a new workers compensation law, saying that when they received lump sums rather than periodic payments the risk of them squandering the money was greater. USA Today reported in 2003 that experts said that retirees tend to handle lump sum payments to them by either being overly frugal, or alternatively by using a lot of the lump sum payment quickly for travel and big-ticket items. The Financial Times reported in July 2011 that research by Prudential had found that 79% of polled pensioners collecting a company or private pension that year took a lump sum at their retirement, as compared to 76% in 2008. Prudential was of the view that for many retirees, a lump sum at the time of retirement was the most tax-efficient option. However, Prudential's head of business development, Vince Smith Hughes, said "some pensioners are beginning to regret the way they used the tax-free cash. The days of buying a shiny new car or going on a once-in-a-lifetime holiday may be gone."

Dictionary of Nautical TermsRate this definition:0.0 / 0 votes

1. lump sum

   A full payment of arrears, and not by periodical instalments of money.

Matched Categories

1. • Payment

How to pronounce lump sum?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say lump sum in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of lump sum in Chaldean Numerology is: 7

2. Pythagorean Numerology

   The numerical value of lump sum in Pythagorean Numerology is: 7

Examples of lump sum in a Sentence

1. Melissa Kahn:

   It's not just immediate annuities anymore, where you hand over a lump sum of money all at once, there are a lot of different options now that can meet different needs of plan participants and employers.

2. Albert Szent-Gyorgyi, The Crazy Ape:

   When I received the Nobel Prize, the only big lump sum of money I have ever seen, I had to do something with it. The easiest way to drop this hot potato was to invest it, to buy shares. I knew that World War II was coming and I was afraid that if I had shares which rise in case of war, I would wish for war. So I asked my agent to buy shares which go down in the event of war. This he did. I lost my money and saved my soul.

3. Sajad Jiyad:

   The Hashid prefer a lump sum to distribute to fighters as it sees fit, to control its own budget, similar to the defense and interior ministries. And at the moment, the government does not want to approve that.

4. Ann Nolan:

   I don't think it should be a position where the only people who get on the property ladder are those who have parents who can give them a big lump sum, you can't have a position where people who are earning their own money, renting a long-term property and paying more than a mortgage, have a proven track record can never get on the housing market. I don't think that's socially acceptable.

5. Ann Nolan:

   I don't think it should be a position where the only people who get on the property ladder are those who have parents who can give them a big lump sum, i don't think that's socially acceptable.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=lump sum
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Lump_Sum
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Lump_Sum
4. ^ ChatGPT
   https://chat.openai.com
5. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=lump sum
6. ^ Dictionary of Nautical Terms
   https://www.gutenberg.org/cache/epub/26000/pg26000-images.html#:~:text=lump sum