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

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More:Where the biggest Michigan Lottery prizes in November were sold The winner has the option of taking annual $25,000 payments for a minimum of 20 years or life, whichever is greater, or a one-time lump sum cash payment of $390,000. —

Tanya Wildt, Detroit Free Press, 17 Dec. 2024 While the Pay Equity Fund was initially disbursed through lump sum payments sent directly to child care workers, the money is now distributed through employers as part of the teachers' paychecks. —

Andrea Hsu, NPR, 13 Dec. 2024 Immediate An immediate annuity typically requires a lump sum payment and allows a buyer to start receiving guaranteed income, usually within a month of signing a contract. —

Liz Knueven, CNBC, 13 Dec. 2024 The company completed a voluntary lump sum payment of future benefits to terminated vested participants, resulting in a non-cash settlement gain of $2.4 million. —

Quartz Bot, Quartz, 13 Dec. 2024 See all Example Sentences for lump sum