Lump Sum. lump sum noun [ C usually singular ] FINANCE uk us (also lump) an amount of money that is paid in one large payment on one occasion She received a lump sum of €70507 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 oneoff lump sum payment at age 65.
Noun 1 lump sum a complete payment consisting of a single sum of money payment a sum of money paid or a claim discharged Based on WordNet 30 Farlex clipart collection © 20032012 Princeton University Farlex Inc Translations.
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This lump sum extra payment calculator shows you how much money and time you can save when you make a lump sum payment or extra payment toward your student loans Step 1 Enter Current Loan Info Student Loan Balance Average Interest Rate Current Monthly Payment OneTime Extra Payment TOTAL SAVINGS $512 View Details Total Savings Go Back TIME SAVED.
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OverviewSee alsoExternal linksA lump sum is a single payment of money as opposed to a series of payments made over time (such as an annuity) The United States Department of Housing and Urban Development distinguishes between “price analysis” and “cost analysis” by whether the decision maker compares lump sum amounts or subjects contract prices to an itemized cost breakdown Text under.
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A lump sum is an amount of money that is paid as a large amount on a single occasion rather than as smaller amounts on several separate occasions They were given a taxfree lump sum at retirement age American English lump sum / ˈlʌmp sʌm / Brazilian Portuguese montante único Chinese 一次付清的大笔钱款.
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It’s less intensive to do lumpsum accounting which decreases the overhead costs for the contractor These arrangements allow for a cash flow that’s more steady Lumpsum arrangements have a greater degree of collaboration between the following The contractor The owner The designers Disadvantages of a Lump Sum Contract.