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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.
     Lunch.]
     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."
        --Shak.
        [1913 Webster]
  
     2. A mass or aggregation of things.
        [1913 Webster]
  
     3. (Firearms) A projection beneath the breech end of a gun
        barrel.
        [1913 Webster]
  
     In the lump,
  
     In a lump, the whole together; in gross.
        [1913 Webster]
  
              They may buy them in the lump.        --Addison.
  
     Lump coal, coal in large lumps; -- the largest size brought
        from the mine.
  
     Lump sum,
        (a) a gross sum without a specification of items; as, to
            award a lump sum in satisfaction of all claims and
            damages.
        (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.
            [1913 Webster]

From WordNet (r) 3.0 (2006) :

  lump sum
      n 1: a complete payment consisting of a single sum of money

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