A one-time deposit to purchase additional paid-up insurance. Can be made at issue and/or after issue on certain life insurance policies. Evidence of insurability may be required for after-issue lump sum purchases.
Money provided in a single payment.
In relation to superannuation benefit payable in cash rather than as a pension or annuity.
Payment of the entire proceeds of a life insurance policy at one time. This is the method of settlement provided by most policies, unless an alternate settlement is elected by the policyowner before the insured's death or thereafter by the beneficiary before receiving the payment.
An amount invested as a single payment.
a superannuation benefit taken in cash rather than being rolled over to an income stream such as an allocated pension.
Payment of your benefit in its entirety at one time.
a superannuation benefit taken in cash rather than being rolled over to a pension or annuity.
An amount that is paid all at one single payment rather than paying or receiving in monthly installments.
a complete payment consisting of a single sum of money
a nonrecurring cash payment
a settlement or contract between you, your employer where applicable, and your employer's workers' compensation insurer
A single, one-time payment. Beginning in 2006, all employees who are at 100% or more of their Target Pay Rate (for Production Associates and Flat-Rated employees) or Job Value (for all other employees) will receive general or merit increases in the form of lump sums. These lump sum payments will be part of the retirement benefit calculation for all plans that use pay as part of the formula to determine retirement benefits.
A single payment that is paid to an employee usually on termination of his or her employment. The lump sum usually includes accrued pay, accrued leave entitlements, and any bonuses or allowances to which the employee is entitled.
A method of settlement whereby the beneficiary receives the entire proceeds of the policy all at once instead of in installments.
In superannuation terms, when the benefit is taken as a single payment, rather than as a pension or annuity.
A sum of money paid in a single instalment.
A superannuation benefit paid as cash, rather than as a pension or annuity
Payment of the entire principal amount due at maturity on a straight note.
A lump sum payment is an amount of money paid as a single payment instead of periodic payments.
Money that is paid to workers outside of regular wages, as determined by contract negotiations. Lump sum money does not add to the base pay, so it does not increase the "lift."
a fixed price for contract work, not intended to be adjusted in any way either by variation or remeasurement. A lump sum contract therefore is a contract for an agreed amount of work for a lump sum of money.
is the term used to describe the amount of money provided on retirement by the superannuation fund as an alternative to the payment of a pension. Some superannuation funds provide only a lump sum benefit, others a pension with a lump sum alternative.
A single payment of benefits, with no further payments due. return
Proceeds paid to beneficiaries all at once instead of in installments.
A sum of money paid in a single installment.
A single payment from the insurer for the total benefit amount due, instead of a series of installment payments. Life insurance face amounts may be paid in lump sum, if requested by the beneficiary. Return to the top
A single payment with no further payments due, often a balloon payment.
An amount of money, paid in one single amount - as opposed to receiving or paying the money in instalments.
The payment of the entire proceeds of an insurance policy in one sum. This is the method of settlement provided by most policies unless an alternate settlement is elected by the policyowner or beneficiary.
A payment made in lieu of periodic payments, which does not preclude further consideration.
A one off cash payment in exchange for part of your pension. A lump sum can also be paid if you die while still working at BA. If no spouse or partner pension is payable, a lump sum may be paid if you die in retirement or die with a deferred pension.
lump sum one off payments
A single sum of money that serves as complete payment.
One method of payment of benefits, most often occurring in life insurance, where the beneficiary receives the entire face value or payout of the policy at once, rather than in installments, monthly income, or various other options.
A settlement option where the beneficiary receives the entire proceeds of a policy at once rather than in installments.
A benefit payable in a single cash payment rather than as pension or annuity.
a single loan advance at closing.
receiving your payout all at once rather than through monthly payouts.
large payment of money received at one time instead of in periodic payments. People retiring from or leaving a company may receive a lump-sum distribution of the value of their pension, salary reduction, or profit-sharing plan.
A method of settlement whereby the beneficiary receives the entire proceeds of a policy at once rather than in installments.
Complete non-recurring payment consisting of a single sum of money
A fixed sum in the contract that puts the risk of variance on the contractor. The contractor will pay any amount over the contracted sum.
A one-off single payment in one lump sum.
is when you receive your sum insured as a single payment.
A form of payment of proceeds of an insurance policy that is paid as a result of an incurred and covered loss. It is paid in a single payment as opposed to a series of installments.
A superannuation benefit to be paid in cash.