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Definitions from WordNet

Definitions from the Web

Lump sum

Definition:

A lump sum is a single, large payment of money that is made all at once, rather than being spread out over a period of time.

Parts of Speech:

• Noun
• Adjective

Sense 1: Noun

1. A single, large payment of money.

Sample Sentences:

- He received his entire inheritance in a lump sum.

- The lottery winner opted to take the lump sum rather than annual payments.

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Sense 2: Adjective

1. Describing a payment or amount given as one complete sum.

2. Describing a person who prefers receiving a single, large amount of money instead of installments.

Sample Sentences:

- The contractor agreed to a lump sum payment for completing the project.

- She prefers a lump sum arrangement for her freelance work.

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