lump sum Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “lump sum” in the English Dictionary

"lump sum" in American English

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lump sumnoun [C]

 us   /ˈlʌmp ˈsʌm/
a single payment of an amount rather than several payments of smaller amounts: The money can be paid to the winner in a lump sum or in yearly payments.
(Definition of lump sum from the Cambridge Academic Content Dictionary © Cambridge University Press)

"lump sum" in Business English

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lump sumnoun [C, usually singular]

uk   us   (also lump) FINANCE
an amount of money that is paid in one large payment on one occasion: She received a lump sum of €70,507 when she retired.be paid/taken as a lump sum The entire amount can be taken as a lump sum. If the pension is small, it may be paid as a one-off lump sum payment at age 65.
(Definition of lump sum from the Cambridge Business English Dictionary © Cambridge University Press)
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