What is the definition of Lump sum settlement? | Dictionary.net

LUMP SUM SETTLEMENT

\lˈʌmp sˈʌm sˈɛtə͡lmənt], \lˈʌmp sˈʌm sˈɛtə‍lmənt], \l_ˈʌ_m_p s_ˈʌ_m s_ˈɛ_t_əl_m_ə_n_t]\

Definitions of LUMP SUM SETTLEMENT

1910 - Black's Law Dictionary (2nd edition)

Sort: Oldest first

the term that is given to a one lump payment instead of periodic smaller payments.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

Word of the day

Triumviri

of Triumvir

View More

Nearby Words