lump-sum payment

USAGE SUMMARY

The phrase "lump-sum payment" is correct and usable in written English.
It is typically used in financial contexts to refer to a single payment made in full, rather than in installments. Example: "The contractor requested a lump-sum payment for the completed project to simplify the billing process."

✓ Grammatically correct

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

31 human-written examples

The lump-sum payment for a jackpot that big would be $146 million.

The New York Times - Sports

They are lured with promises of decent jobs, good wages and a lump-sum payment.

The Guardian

Most people, he knows from experience, will accept the lump-sum payment once it is offered.

The New York Times

Why is that part of the lump-sum payment process that starts next week?

The New York Times

Now, he argues he should also be eligible to collect a larger lump-sum payment.

The New York Times

It had originally hoped to buy out these contracts with a lump-sum payment.

The Economist

Human-verified similar examples from authoritative sources

Similar Expressions

24 human-written examples

Instead he took the lump sum payment and went to live in Torremolinos, Spain.

The New Yorker

On top of that, Sir Jock will get a lump sum payment of £350,000.

Independent

The three-page summary of the deal given to the board spoke only of a "lump sum payment" to Enron.

The New York Times

The contract, which expires on May 1 , 2005 also calls for an immediate lump sum payment of $750 per worker.

The New York Times

Under the original disbursement plan, the islanders were expected to live off the interest from this lump sum payment.

The New York Times

Expert writing Tips

Best practice

When discussing financial agreements, use "lump-sum payment" to clearly indicate a single, complete payment, especially when contrasting it with installment plans or annuities.

Common error

Avoid using "lump-sum payment" when referring to payments made in multiple installments. Ensure the context clearly indicates a single, complete transaction.

Linguistic Context

The phrase "lump-sum payment" functions as a noun phrase, typically acting as the object or subject of a sentence. Ludwig examples show it describing a specific type of financial transaction.

Expression frequency: Common

Frequent in

News & Media

55%

Science

30%

Formal & Business

10%

Less common in

Wiki

3%

Reference

1%

Encyclopedias

1%

Ludwig's WRAP-UP

The phrase "lump-sum payment" is a common and grammatically sound term referring to a single, complete payment, as affirmed by Ludwig. Predominantly used in financial and legal contexts, this phrase clarifies the payment method, distinguishing it from installments or annuities. While suitable for professional and neutral registers, using precise language ensures clarity in financial discussions. Consider alternatives like "one-time payment" or "single payment" for similar meanings. Remember, a clear understanding of "lump-sum payment" is crucial in financial agreements to avoid misunderstandings about payment schedules.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

One-time payment

Replaces "lump-sum" with "one-time", emphasizing the singular occurrence of the payment.

Payment in full

Emphasizes that no further payments are expected or required.

Single payment

A more general term for a payment made in one installment.

Full payment

Highlights that the payment covers the entire amount due.

Total payment

Similar to "full payment", but can also refer to the cumulative amount.

Cash settlement

Implies resolving a financial obligation with a single payment of cash.

Complete disbursement

Focuses on the act of releasing the entire sum at once.

Entire amount paid

Stresses that the complete value has been transferred.

Global settlement

Often used in legal contexts to describe a single payment resolving all claims.

Singular installment

Emphasizes that the payment is made only in one instance.

FAQs

How is a "lump-sum payment" different from an annuity?

A "lump-sum payment" is a single, complete payment, whereas an annuity is a series of payments made over time.

What are the tax implications of receiving a "lump-sum payment"?

Taxes on a "lump-sum payment" are typically due in the year the payment is received, and the amount can significantly impact your overall tax liability. Consult a tax professional for personalized advice.

When might I choose a "lump-sum payment" over periodic payments?

A "lump-sum payment" might be preferable if you need immediate access to the full amount of money or believe you can manage the funds more effectively than the payment provider. Consider the tax implications and your financial needs before deciding.

What's an alternative to saying "lump-sum payment"?

You can use alternatives like "one-time payment", "single payment", or "full payment" depending on the context.