Legal Dictionary

lump sum

Definition of lump sum

Noun

lump sum (plural lump sums)

  1. A large one-time payment of money.

Further reading

A lump sum is a one-time payment of money, as opposed to a series of payments made over time.

References:

  1. Wiktionary. Published under the Creative Commons Attribution/Share-Alike License.



SHARE THIS PAGE

TOP LEGAL TERMS THIS WEEK
1.     landed property
2.     status quo
3.     lex situs
4.     lex fori
5.     lex causae
6.     conclusive presumption
7.     AORO
8.     Miranda warning
9.     lex loci delicti commissi
10.     lex patriae