The DICT Development Group
2 definitions found
for Lump sum
From The Collaborative International Dictionary of English v.0.48 :
Lump \Lump\ (l[u^]mp), n. [Cf. OD. lompe piece, mass. Cf.
1. A small mass of matter of irregular shape; an irregular or
shapeless mass; as, a lump of coal; a lump of iron ore. "
A lump of cheese." --Piers Plowman. " This lump of clay."
2. A mass or aggregation of things.
3. (Firearms) A projection beneath the breech end of a gun
In the lump,
In a lump, the whole together; in gross.
They may buy them in the lump. --Addison.
Lump coal, coal in large lumps; -- the largest size brought
from the mine.
(a) a gross sum without a specification of items; as, to
award a lump sum in satisfaction of all claims and
(b) a single sum paid once in satisfaction of a claim, as
contrasted with the alternate choice of several
payments over a period of time; -- sometimes allowed,
e.g., as an alternative to periodical pension payments
for a lifetime.
From WordNet (r) 3.0 (2006) :
n 1: a complete payment consisting of a single sum of money
Contactfirstname.lastname@example.org Specification=RFC 2229