WebDefinition of lump-sum payment in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is lump-sum payment? Meaning of lump-sum … Weban amount of money that is paid in one large payment on one occasion: She received a lump sum of €70,507 when she retired. be paid/taken as a lump sum The entire amount …

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WebSep 16, 2024 · Definition of a Lump Sum Payment. When someone refers to a lump sum payment, they’re talking about a single large payment that’s being made. These payments normally originate from social security … WebDefinition: A lump-sum payment is a single payment of a large sum of money, rather than smaller payments over time. Example: When you win the lottery, you may have the option to receive your winnings as a lump-sum payment or as smaller payments over a period of years. This example illustrates the definition because it shows that a lump-sum ... powerapps attachment control not showing

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WebLump sum payment refers to a one-time large payment of money given to an employee, usually instead of a series of payments made over time. Lump sum payment has a … WebLump Sum. definition. Lump Sum means the total sum which will have become payable to the Contractor by the Principal upon completion of the Works. Lump Sum means the Contractor has agreed to provide the Goods for the total price as set out in the Contract. Lump Sum means a single lump sum cash payment. WebApr 4, 2024 · Readers with particularly long memories will recall that last year, the state of Illinois instituted a lump sum cashout program in which, in order to reduce its pension liabilities, it planned to ... tower clay shooting