Definitions
American Heritage® Dictionary of the English Language, Fourth Edition
- n. A single sum of money that serves as complete payment.
Wiktionary
- n. A relatively large single payment of money often paid and received instead of, or in addition to, a sequence of smaller payments.
GNU Webster's 1913
- n. a single sum paid once in satisfaction of a claim, as contrasted with the alternate choice of several payments over a period of time; -- sometimes allowed, e.g., as an alternative to periodical pension payments for a lifetime.
WordNet 3.0
- n. a complete payment consisting of a single sum of money
Examples
“If money is withdrawn in a lump sum from an employer’s retirement plan, the averaging-method option reduces your taxes to a minimum.”
“At the end of the five years the selector may pay in a lump sum the second moiety of rent, making the total 2 shillings 6 pence per acre, and he is thereupon entitled to the issue of a deed of grant of the land in fee-simple.”
“When I went to Mr. Longman with my next novel, The Three Clerks, in my hand, I could not induce him to understand that a lump sum down was more pleasant than a deferred annuity.”
“U.S. Army Garrison Grafenwöhr energy manager Aref Arianta is part of a group of Army officials who think Defense Department civilians should receive a lump sum for their utility costs.”
“Instead of a lump sum like the loans from the French king, the Dutch raised funds by a “subscription,” an offering from bankers in Amsterdam that had to be sold to individual investors who bought shares priced at a thousand florins apiece.”
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