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

The United States Department of Housing and Urban Development distinguishes between "price analysis" and "cost analysis" by whether the decision maker compares lump sum amounts, or subjects contract prices to an itemized cost breakdown.

In 1911, American union leaders including Samuel Gompers of the American Federation of Labor expressed opposition to lump sums being awarded 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.

*USA Today* reported in 2003 that experts said that retirees tend to handle lump sum payments to them by either being overly frugal, or alternatively by using a lot of the lump sum payment quickly for travel and big-ticket items.

*The Financial Times* reported in July 2011 that research by Prudential had found that 79% of polled pensioners collecting a company or private pension that year took a lump sum at their retirement, as compared to 76% in 2008. Prudential was of the view that for many retirees, a lump sum at the time of retirement was the most tax-efficient option. However, Prudential's head of business 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."

### Other articles related to "lump sum, sum, sums, lump":

**Lump Sum**Required

... a net present value calculation, you need a

**lump sum**available at retirement of Above we have used the standard mathematical formula for the

**sum**of a geometric series ... (Or if ireal =0 then the series in braces

**sums**to p since it then has p equal terms) ... Using ireal=0.02, or 2% per year real return on investments, the necessary

**lump sum**is given by the formula as (1-0.25)*0.80*60,000*annuity-series-

**sum**(30)=36,000*22.396=806,272 ...

**Lump Sum**s

... of managing a cash transfer is to provide all the money at once in a

**lump sum**, rather than in small regular amounts ... the effectiveness of the Swiss Agency for Development Cooperation's experiments with

**lump sum**cash transfers and came out with the following six findings

**Lump sum**transfers work better in post-emergen ... Success of

**lump sum**transfers greatly depends on the local market and whether there are long-term income generating investments to be made ...

... them either as an immediate annuity or as a

**lump**-sum payment ... the benefits are fixed at outside, either in terms of a

**lump sum**or an annuity, can be called a fixed deferred annuity ... immediate annuity contract, an individual would pay a

**lump sum**or a series of payments (sometimes called annuity considerations) to an insurance company, and in return pay the ...

... particularly in the United Kingdom, give a one-off

**lump sum**payment to new borrowers at the beginning of a mortgage ... Called cashback, this

**lump sum**is often marketed as free cash, but it is in fact funded by the mortgage interest paid by the borrower ... The size of the

**lump sum**is dependent on the size of the mortgage and is usually offered only on certain mortgages in a mortgage lender's range ...

### Famous quotes containing the words sum and/or lump:

“What God abandoned, these defended,

And saved the *sum* of things for pay.”

—A.E. (Alfred Edward)

“A poem ... begins as a *lump* in the throat, a sense of wrong, a homesickness, a lovesickness.... It finds the thought and the thought finds the words.”

—Robert Frost (1874–1963)