Definition of “lump sum” - English Dictionary

british 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)