lump sum


: 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 winner will receive the prize as a one-time lump sum payment of about $693,000, according to lottery officials. Abigail Adams, Peoplemag, 9 Nov. 2023 That’s one reason why some experts advise winners to take the annuity payout, as opposed to the cash lump sum. Alicia Adamczyk, Fortune, 4 Oct. 2023 The winner of Wednesday’s drawing will have the choice between a lump sum of $774.1 million or 30 annual installments totaling $1.765 billion, not including taxes. Nathan Solis, Los Angeles Times, 12 Oct. 2023 Whereas a home-equity loan gives you a lump sum of money, a Heloc acts more like a credit card. Tanza Loudenback,, 11 Oct. 2023 There also was a $3,500 ratification bonus, no increase in weekly health care contributions, increased annual lump sum payments for retirees and a $1,000 annual 401(k) lump sum to offset health care costs for employees who don’t get health insurance after retirement. Tom Krisher, Fortune, 9 Oct. 2023 Receiving a massive lump sum of cash can be overwhelming, especially without the proper guidance from entertainment finance experts like CN Bank. Quincy Green, Billboard, 13 Oct. 2023 Historically, most grand prize winners have opted to receive the prize as a one-time, lump sum payment, according to the Multi-State Lottery Association. Arkansas Online, 28 Sep. 2023 For Wednesday’s drawing, the lump sum cash prize is worth $551,700,000 pretax, while the average lump sum payment is worth $40 million pretax per year for 30 years. Alicia Adamczyk, Fortune, 4 Oct. 2023 See More

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'lump sum.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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Cite this Entry

“Lump sum.” Dictionary, Merriam-Webster, Accessed 4 Dec. 2023.

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