lump sum

noun

: an amount of money that is paid at one time : a single sum of money

The bonus is paid out in a lump sum.

take their winnings as a lump-sum payment

Examples of lump sum in a Sentence

Recent Examples on the Web

The 82-year-old man chose to receive his prize as a lump sum amount of $1.3 million instead of annual payments. —Jennifer Rodriguez, Kansas City Star, 12 May 2024

With the latter, the winner receives just over half that amount as a lump sum payment. —Raphael Romero Ruiz, The Arizona Republic, 12 May 2024

If the ticket owner decides to take a lump sum payment, the prize is $100.1 million before taxes. —David J. Neal, Miami Herald, 8 May 2024

Regulating these groups is essential to building a state where everyone can afford housing, and where no one loses their home over the accumulation of fines, interest, attorney fees, and the inability to pay a lump sum. —The Denver Post Editorial Board, The Denver Post, 3 May 2024

Sportsbet, which sponsored the competition, paid out the lump sum. —Bob McNally, Outdoor Life, 1 May 2024

The jackpot has a cash value of $621 million if the winner chooses to take a lump sum rather than an annuity paid over 30 years, with an immediate payout followed by 29 annual installments. —Claire Rush, Fortune, 10 Apr. 2024

The sole winner of a jackpot can choose to be paid in a lump sum or through an annuity for the full amount, with annual payments over 30 years. —Mirna Alsharif, NBC News, 31 Mar. 2024

Bracey could choose between a $50,000 annuity over 20 years and a $600,000 lump sum. —Joe Marusak, Charlotte Observer, 26 Mar. 2024