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Exact(49)
To general amazement, this new contract provided for a lump sum of $139.5m.
I opted for a lump sum of £5,483.48 and an annuity of £655.
But the need for a lump sum at a particular time can sometimes be more practical.
Misuraca sold his invention for a lump sum, and treated his family to a holiday in Italy.
Selling children for a lump sum, either directly to an employer or via a "recruitment agency" is common practice.
First Mr. Schenk and Mr. Gallo tried lobbying the New York Lottery for a lump sum payment, to no avail.
Similar(10)
"The owner could offer to release the estate from the balance of the lease term, in exchange for a lump-sum termination fee," Mr. Newman said.
In Minnesota, where the third winning ticket was sold, a 45-year-old project engineer from outside Minneapolis claimed his prize, opting for a lump-sum payment.
Under the deal, workers would get no raise for the first year, although the accord calls for a lump-sum payment of $1,000 that year.
It is worth about $58.9 million, instead of $110.3 million, because the holder opted for a lump-sum payoff instead of a 26-year annuity.
For tax reasons, he asked for a lump-sum payment that would generate the equivalent of the four-hundred-thousand-dollar annual pension that he'd earned at Debevoise — an amount that turned out to be sixteen million.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com