lump sum

Definitions

A single payment made at one time, as opposed to a number of smaller installments.

A total amount of money paid or received in one transaction.

Examples

The lottery winner decided to take her winnings as a single lump sum rather than annual payments.

He paid the entire balance of his student loan in one lump sum to avoid further interest charges.

The company offered employees the option to receive their severance package as a lump sum.

Synonyms

one-off payment single payment flat fee bulk payment total sum gross amount all-in-one payment

Antonyms

installment periodic payment monthly payment annuity staggered payment incremental payment deferred payment