lump sum
noun
: an amount of money that is paid at one time : a single sum of money
The bonus is paid out in a lump sum.
take their winnings as a lump-sum payment
Examples of lump sum in a Sentence
Recent Examples on the Web
Next is working with a debt settlement company to negotiate a lump sum payment to creditors to settle your debt.
—
Chad Van Horn, Sun Sentinel, 12 Jan. 2025
The lump sum would be reduced to $392.2 million after a mandatory 24% federal tax withholding, while a federal marginal rate as high as 37%—depending on the winner’s taxable income and other tax deductions—would cut the prize to $325.1 million.
—Ty Roush, Forbes, 25 Dec. 2024
The beneficiary of a life insurance policy is typically not taxed on the death benefits if they are given in a lump sum.
—Brian Sloan, CNBC, 31 Dec. 2024
That grand prize includes a $53.4 million lump sum option that would be reduced to $40.5 million after a 24% mandatory tax withholding or to $33.6 million with a federal marginal rate as high as 37%.
—Ty Roush, Forbes, 25 Dec. 2024
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Chad Van Horn, Sun Sentinel, 12 Jan. 2025
The lump sum would be reduced to $392.2 million after a mandatory 24% federal tax withholding, while a federal marginal rate as high as 37%—depending on the winner’s taxable income and other tax deductions—would cut the prize to $325.1 million.
—Ty Roush, Forbes, 25 Dec. 2024
The beneficiary of a life insurance policy is typically not taxed on the death benefits if they are given in a lump sum.
—Brian Sloan, CNBC, 31 Dec. 2024
That grand prize includes a $53.4 million lump sum option that would be reduced to $40.5 million after a 24% mandatory tax withholding or to $33.6 million with a federal marginal rate as high as 37%.
—Ty Roush, Forbes, 25 Dec. 2024
See all Example Sentences for lump sum
Dictionary Entries Near lump sum
Cite this Entry
“Lump sum.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/lump%20sum. Accessed 20 Jan. 2025.
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