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 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

The prize could come in 40 annual payments or a $500 million lump sum. —Michelle Singletary, Washington Post, 20 Mar. 2024

It will be paid out over time based on project milestones, as opposed to in a lump sum. —Drew Harwell, Washington Post, 19 Feb. 2024