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English definition of “lump”

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lump

noun
 
 
/lʌmp/
[C] FINANCE →  lump sum : in a lump You have to pay your tax in two lumps the following year.
[S] UK informal ( also the lump) TAX a situation in which building workers say that they are self-employed in order to avoid paying tax, even though they are directly employed: The tax authorities are working hard to clamp down on the lump.
take the/your lumps US informal to experience problems without complaining: As a trader, sometimes you've just got to take your lumps.
(Definition of lump from the Cambridge Business English Dictionary © Cambridge University Press)
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