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 breakd... Found on http://en.wikipedia.org/wiki/Lump_sum
Describes a tax or subsidy that does not distort behavior. By using a tax (or subsidy) in an amount (the lump sum) independent of any aspect of the payer's or recipient's behavior, it does not alter behavior. Nondistorting lump sum taxes and subsidies do not exist, but they are a convenient fiction for theoretical analysis, especially of gains fro... Found on http://www-personal.umich.edu/~alandear/glossary/
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. Found on http://www.encyclo.co.uk/local/20935
A sum of money paid in a single instalment.One of the questions frequently asked by novice... <a target=_blank href='http://www.finance-glossary.com/terms/lump-sum.htm?id=905&ginPtrCode=00000&PopupMode=false' title='Read full definition of lump sum'>more</a>
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