lump sum

lump sum
Fin [m1]1. used to describe a loan that is repayable with one installment at the end of its term.
See also balloon loan, interestonly mortgage
2. an amount of money received in one payment, for example, the sum payable to the beneficiary of a life insurance policy on the death of the policyholder

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  • Lump sum — Lump Lump (l[u^]mp), n. [Cf. OD. lompe piece, mass. Cf. {Lunch}.] 1. A small mass of matter of irregular shape; an irregular or shapeless mass; as, a lump of coal; a lump of iron ore. A lump of cheese. Piers Plowman. This lump of clay. Shak.… …   The Collaborative International Dictionary of English

  • lump sum — lump sums N COUNT A lump sum is an amount of money that is paid as a large amount on a single occasion rather than as smaller amounts on several separate occasions. ...a tax free lump sum of ₤50,000 at retirement age …   English dictionary

  • Lump sum — is a one time payment of money, as opposed to a series of payments.ee also* Lump sum tax * Present value * Interest …   Wikipedia

  • lump sum — n an amount of money given in a single payment ▪ When you retire you ll get a lump sum of £80,000 …   Dictionary of contemporary English

  • lump sum — n. a gross, or total, sum paid at one time * * * …   Universalium

  • lump sum — n. a gross, or total, sum paid at one time …   English World dictionary

  • lump sum — n. A single payment of an entire amount due. See also installment The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • lump sum — noun count money in a single large payment rather than small separate payments …   Usage of the words and phrases in modern English

  • lump sum — ► NOUN ▪ a single payment made at one time, as opposed to many instalments …   English terms dictionary

  • lump sum — noun a complete payment consisting of a single sum of money • Hypernyms: ↑payment * * * lump sum noun A single sum of money in lieu of several • • • Main Entry: ↑lump * * * lump sum UK US noun [countable] [ …   Useful english dictionary

  • lump sum — A large one time payment of money. Bloomberg Financial Dictionary * * * lump sum lump sum ➔ sum1 * * * lump sum UK US noun [C, usually singular] (also lump) ► an amount of money that is paid in one large payment on one occasion: »She …   Financial and business terms

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