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English definition of “lump”

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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
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