单词 | lump sum |
释义 | lump sum 1) A sum of money paid all at once, rather than in instalments. 2) An insurance benefit, such as a sum of money paid on retirement or redundancy or to the beneficiaries on the death of an insured person. Retirement pensions can consist of a lump sum plus a reduced pension. 3) A form of damages; a lump-sum award is given in tort cases. |
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