Definition of lump sum noun from the Oxford Advanced Learner's Dictionary


lump sum

BrE BrE//ˌlʌmp ˈsʌm//
; NAmE NAmE//ˌlʌmp ˈsʌm//
(also lump sum payment) Banking
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an amount of money that is paid at one time and not on separate occasions She was given a lump sum when she retired. See related entries: Banking
See the Oxford Advanced American Dictionary entry: lump sum