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• A lump sum is an amount of money you pay or receive all at once rather than in increments over a period of time.

  For example, you buy an immediate annuity with a single lump-sum payment. Or, if you receive the face value of a life insurance policy when the insured person dies, or receive the full value of your retirement account, those payments are also lump sums.

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  Cite Definition for Lump sum

  American Psychological Association (APA)

  Lump sum. (n.d.). Yahoo Personal Finance Glossary. Retrieved February 5, 2023, from website: http://www.expertglossary.com/definition/lump-sum.

  Chicago Manual of Style (CMS)

  Lump sum. finance.yahoo.com. Yahoo Personal Finance Glossary. Yahoo Finance. http://www.expertglossary.com/definition/lump-sum (accessed: February 5, 2023).

  Modern Language Association (MLA)

  "Lump sum." Yahoo Personal Finance Glossary. Yahoo Finance. 5 February. 2023 http://www.expertglossary.com/definition/lump-sum.

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