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
The beneficiary of a life insurance policy is typically not taxed on the death benefits if they are given in a lump sum.
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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
Under the treaty’s terms in 1848, Mexico gave up approximately 525,000 square miles (55% of its prewar territory) in exchange for a $15 million lump sum payment.
—Victor Hagan, USA TODAY, 25 Dec. 2024
His plan would also let parents use the CTC to offset their payroll tax liability along with receiving the credit as regular installments throughout the year, as opposed to in a lump sum during the tax season.
—Tobias Burns, The Hill, 23 Dec. 2024
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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
Under the treaty’s terms in 1848, Mexico gave up approximately 525,000 square miles (55% of its prewar territory) in exchange for a $15 million lump sum payment.
—Victor Hagan, USA TODAY, 25 Dec. 2024
His plan would also let parents use the CTC to offset their payroll tax liability along with receiving the credit as regular installments throughout the year, as opposed to in a lump sum during the tax season.
—Tobias Burns, The Hill, 23 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 10 Jan. 2025.
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