A lump-sum payment is an amount paid all at once, as opposed to an amount that is divvied up and paid in installments. A lump-sum payment is not the best choice for every beneficiary; for some, it may make more sense for the funds to be annuitized as periodic payments.

What is another word for lump sum?

Find another word for lump-sum. In this page you can discover 7 synonyms, antonyms, idiomatic expressions, and related words for lump-sum, like: tax-free, sinking fund, reserve fund, lumpsums, annuity, non-superannuable and non-consolidated.

Is lump sum an English word?

Meaning of lump sum in English. an amount of money that is paid in one large amount on one occasion: Her divorce settlement included a lump sum of $2 million.

Is lump sum a single word?

View American English definition of lump sum….lump sum ​Definitions and Synonyms.

What is lump sum example?

Definition: A lump sum amount is defined as a single complete sum of money. A lump sum investment is of the entire amount at one go. For example, if an investor is willing to invest the entire amount available with him in a mutual fund, it will refer to as lump sum mutual fund investment.

How is lump sum value calculated?

For a lump sum, the present value is the value of a given amount today. For example, if you deposited $5,000 into a savings account today at a given rate of interest, say 6%, with the goal of taking it out in exactly three years, the $5,000 today would be a present value-lump sum.

What does it mean to get a lump sum payment?

(also lump) an 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 can be taken as a lump sum.

What does it mean to get a lump sum from Cambridge?

Improve your vocabulary with English Vocabulary in Use from Cambridge. Learn the words you need to communicate with confidence. The money can be paid to the winner in a lump sum or in yearly payments. She received a lump sum of €70,507 when she retired. be paid/taken as a lump sum The entire amount can be taken as a lump sum.

What does it mean to get a lump sum divorce?

lump sum. › an amount of money that is paid in one large amount on one occasion: Her divorce settlement included a lump sum of $2 million. “lump sum” in American English. › a single payment of an amount rather than several payments of smaller amounts: The money can be paid to the winner in a lump sum or in yearly payments.

How are lump sum payments taxed in Canada?

Certain qualifying retroactive lump-sum payments are eligible for a special tax calculation. For all other lump-sum payments, deduct income tax using the withholding rates for lump-sum payments. Report certain lump-sum payments on a T4A, Statement of Pension, Retirement, Annuity, and Other Income.