Business and Personal Finance Dictionary

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• LUMP SUM - A lump sum is money you pay or receive all at once rather than in increments over a period o...
  
  
• LUMP SUM PAYMENT - An amount of money paid as a single payment instead of installment payments.
  
  
• LUMP SUM REPAYMENTS - Additional ad hoc repayments, made over and above your minimum repayment requirem...
  
  
• LUMP-SUM - an agreed upon sum of money, which is paid in full settlement all at one time.
  
  
• LUMP-SUM CONTRACT - A type of construction contract requiring the general contractor to complete a buil...
  
  
• LUMP-SUM DISTRIBUTION - When you retire, you may have the option of taking the value of your pension, s...