Lump sum
volume
British pronunciation/lˈʌmp sˈʌm/
American pronunciation/lˈʌmp sˈʌm/

Definition & Meaning of "lump sum"

Lump sum
01

a single, large payment made in full, instead of smaller payments made over time

example
Example
examples
The sale of the property provided a lump sum of disposable capital that could be reinvested or used for personal endeavors.
The debtor negotiated with the creditor to commute the interest payments into a more manageable lump sum.
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