| 单词 | lump sum payment |
| 释义 | lump sum payment in Insurance (lʌmp sʌm peɪmənt) Word forms: (regular plural) lump sum payments noun (Insurance: Life insurance) A lump sum payment is an amount of money that is paid in one single payment rather than in installments. Life insurance policies provide either a lump sum payment or a set annual amount for a fixed period. Rather than an annuity, retirees in poor health may derive greater benefit from a lump sum payment. A lump sum payment is an amount of money that is paid in one single payment rather than in installments. |
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