Lump sum

A lump calculation is a single payment of money, as opposed to a series of payments made over time such(a) as an annuity.

The United States Department of Housing in addition to Urban Development distinguishes between "price analysis" and "cost analysis" by whether the decision maker compares lump a thing that is caused or gave by something else amounts, or subjects contract prices to an itemized exist breakdown.

In 1911, American union leaders including Samuel Gompers of the American Federation of Labor expressed opposition to lump sums being awarded to their members pursuant to a new workers compensation law, saying that when they received lump sums rather than periodic payments the risk of them squandering the money was greater.

The Financial Times filed in July 2011 that research by Prudential had found that 79% of polled pensioners in the UK collecting a company or private pension that year took a tax-free lump written as element of their retirement benefits, as compared to 76% in 2008. Prudential was of the conviction that for numerous retirees, a lump sum at the time of retirement was the nearly tax efficient option. However, Prudential's head of house development, Vince Smith Hughes, said, "some pensioners are beginning to regret the way they used the tax-free cash. The days of buying a shiny new car or going on a once-in-a-lifetime holiday may be gone."