Lump sum

Lump sum
Lump Lump (l[u^]mp), n. [Cf. OD. lompe piece, mass. Cf. {Lunch}.] 1. A small mass of matter of irregular shape; an irregular or shapeless mass; as, a lump of coal; a lump of iron ore. `` A lump of cheese.'' --Piers Plowman. `` This lump of clay.'' --Shak. [1913 Webster]

2. A mass or aggregation of things. [1913 Webster]

3. (Firearms) A projection beneath the breech end of a gun barrel. [1913 Webster]

{In the lump},

{In a lump}, the whole together; in gross. [1913 Webster]

They may buy them in the lump. --Addison.

{Lump coal}, coal in large lumps; -- the largest size brought from the mine.

{Lump sum}, (a) a gross sum without a specification of items; as, to award a lump sum in satisfaction of all claims and damages. (b) a single sum paid once in satisfaction of a claim, as contrasted with the alternate choice of several payments over a period of time; -- sometimes allowed, e.g., as an alternative to periodical pension payments for a lifetime. [1913 Webster]

The Collaborative International Dictionary of English. 2000.

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Look at other dictionaries:

  • lump sum — lump sums N COUNT A lump sum is an amount of money that is paid as a large amount on a single occasion rather than as smaller amounts on several separate occasions. ...a tax free lump sum of ₤50,000 at retirement age …   English dictionary

  • Lump sum — is a one time payment of money, as opposed to a series of also* Lump sum tax * Present value * Interest …   Wikipedia

  • lump sum — n an amount of money given in a single payment ▪ When you retire you ll get a lump sum of £80,000 …   Dictionary of contemporary English

  • lump sum — n. a gross, or total, sum paid at one time * * * …   Universalium

  • lump sum — n. a gross, or total, sum paid at one time …   English World dictionary

  • lump sum — n. A single payment of an entire amount due. See also installment The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • lump sum — noun count money in a single large payment rather than small separate payments …   Usage of the words and phrases in modern English

  • lump sum — ► NOUN ▪ a single payment made at one time, as opposed to many instalments …   English terms dictionary

  • lump sum — noun a complete payment consisting of a single sum of money • Hypernyms: ↑payment * * * lump sum noun A single sum of money in lieu of several • • • Main Entry: ↑lump * * * lump sum UK US noun [countable] [ …   Useful english dictionary

  • lump sum — A large one time payment of money. Bloomberg Financial Dictionary * * * lump sum lump sum ➔ sum1 * * * lump sum UK US noun [C, usually singular] (also lump) ► an amount of money that is paid in one large payment on one occasion: »She …   Financial and business terms

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