Lump sum is a lump sum is money you pay or receive all at once rather than in increments over a period of time. For example, you buy an immediate annuity with a single lump-sum payment. Similarly, if you receive the face value of a life insurance policy when the insured person dies, or get a check for the full value of the assets in your retirement account, those payments are also lump sums.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). lump sum. Retrieved September 24, 2026, from http://smartdefine.org/lump_sum/definitions/1157625 |
| Chicago | Barry Goldsmith. 2010. "lump sum" http://smartdefine.org/lump_sum/definitions/1157625 (accessed September 24, 2026). |
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