lump sum definition

  • noun:
    • an individual amount of cash that serves as total repayment.
    • a somewhat huge single repayment of cash frequently compensated and received as opposed to, or perhaps in addition to, a sequence of smaller repayments.
    • a single sum paid as soon as in pleasure of a claim, as contrasted aided by the alternative selection of a few repayments during a period of time; -- sometimes allowed, e.g., as an alternative to periodical retirement repayments for lifelong.
    • a complete payment consisting of a single sum of money

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