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Meaning of “lump sum” in the English Dictionary

(Definition of lump sum from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"lump sum" in American English

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lump sumnoun [C]

 us   /ˈlʌmp ˈsʌm/
a ​singlepayment of an ​amountrather than several ​payments of ​smalleramounts: 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 ​sumpayment at age 65.
(Definition of lump sum from the Cambridge Business English Dictionary © Cambridge University Press)
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