Meaning of lump sum In English

• 0 an amount of money that is paid in one large amount on one occasion:

  • Her divorce settlement included a lump sum of $2 million.

• 1 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.

• 2 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.

  • If the pension is small, it may be paid as a one-off lump sum payment at age 65.