make a lump-sum payment

USAGE SUMMARY

The phrase "make a lump-sum payment" is correct and usable in written English.
It can be used in financial contexts when referring to a single payment made in full, rather than in installments. Example: "To settle the debt, you can choose to make a lump-sum payment instead of monthly installments."

✓ Grammatically correct

News & Media

Academia

Human-verified examples from authoritative sources

Exact Expressions

6 human-written examples

(c) which authorized the Secretary concerned to make a lump-sum payment for nonrecurring expenses to certain members of the uniformed services authorized to receive per diem allowances under subsec.

Cornell University

If you have enough money to make a lump-sum payment, you may be able to get a reduction on the balance of your federal loans, Mr. Kantrowitz said.

The New York Times

However, instead of making a monthly retirement payment for the next four years while she runs the commission, Debevoise will make a lump-sum payment within 60 days of her appointment, the filing disclosed.

The New York Times

If they are going to make a lump-sum payment, they wonder if the lender would compromise on the amount so that they can pay off the whole thing.

The Washington Post

Apple is going to make a lump-sum payment to Ericsson for 2015 and pay royalties in the future.

TechCrunch

Customers either make a lump-sum payment or a series of payments, which the insurer then invests in return for a promise of future income.

Los Angeles Times

Human-verified similar examples from authoritative sources

Similar Expressions

54 human-written examples

The suit is premised on a basic point: transferring money into the Alliance Account only after a family seeks to withdraw it, the lawyers say, is not the same as making a lump-sum payment, which is required by the federal law that set up the program.

The New York Times

He issued an order that would prevent its government from servicing the debt of the investors who had participated in its restructuring unless it also made a lump-sum payment to the hold-outs for the entire value of their claim: the full face value of their bonds plus all past due interest.

The Economist

Alternatively, you could explain that you would like to make a lump sum payment in full and final settlement of your debt.

The Guardian - Money

Nel said Pistorius had offered to make a lump sum payment of R375,000 (£25,000) from the sale of the car, but this offer was rejected by June Steenkamp, Reeva's mother, who said she did not want "blood money".

Independent

For example, there may not be sufficient liquid assets to make a lump sum payment.

Forbes

Expert writing Tips

Best practice

When negotiating settlements or financial agreements, clearly state the intention to "make a lump-sum payment" to avoid ambiguity regarding payment schedules.

Common error

Avoid using "make a lump-sum payment" when referring to payments made in multiple installments. A lump-sum payment is a single, complete payment.

Linguistic Context

The phrase "make a lump-sum payment" functions as a verb phrase, where "make" is the main verb and "a lump-sum payment" is the direct object. This phrase indicates the action of performing a single, complete payment.

Expression frequency: Uncommon

Frequent in

News & Media

50%

Academia

25%

Wiki

17%

Less common in

Formal & Business

0%

Science

8%

Reference

0%

Ludwig's WRAP-UP

The phrase "make a lump-sum payment" is a grammatically correct and commonly used expression to describe the act of paying an entire amount in a single installment, as confirmed by Ludwig. It's most frequently found in News & Media and Academic contexts. To ensure clarity, use this phrase when referring to a single, complete payment, and not when payments are made in installments. Alternatives include "pay a lump sum" or "settle with a single payment". Using this phrase accurately in financial negotiations can prevent misunderstandings about payment schedules.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

pay a lump sum

Omits "make a", focusing directly on the action of paying.

remit a lump sum

Uses a more formal verb, 'remit', for 'pay'.

pay in one installment

Focuses on the single installment aspect of the payment.

provide a one-time payment

Emphasizes the one-time nature of the payment.

submit a full payment

Focuses on the completeness of the payment.

settle with a single payment

Replaces the financial jargon with simpler language, emphasizing the finality of the payment.

pay the entire amount at once

Uses more descriptive language to convey the concept.

clear the balance with one payment

Emphasizes the result of the payment: clearing the balance.

discharge debt with a single payment

Highlights the debt-clearing aspect of the payment.

offer a single payment

Highlights the act of offering a single payment as a solution.

FAQs

What does it mean to "make a lump-sum payment"?

To "make a lump-sum payment" means to pay the entire amount due in one single payment, rather than in installments over a period of time.

What are the advantages of "making a lump-sum payment"?

Advantages can include potentially negotiating a lower total amount due, saving on interest if applicable, and resolving the debt or obligation quickly. However, it requires having the full amount available at once.

What can I say instead of "make a lump-sum payment"?

You can use alternatives like "pay a lump sum", "settle with a single payment", or "pay in one installment" depending on the context.

Is it better to "make a lump-sum payment" or pay in installments?

It depends on your financial situation. If you have the funds available, "making a lump-sum payment" can save you money on interest. If you don't have the full amount, installments may be more manageable, although you may pay more in the long run.