Lump Sum


Definition of "Lump sum"

Ali Abree
Ali Abree Re/Max Gold Coast Realtors

In life insurance, single payment instead of a series of installments.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Mass Merchandising

Coverage for a group of individuals under one policy. Usually, members belong to a particular company, union, or trade association. In a contributory ...

Annuity

Contract sold by insurance companies that pays a monthly (or quarterly, semiannual, or annual) income benefit for the life of a person (the annuitant) ...

Balloon Payment

Last installment payment, substantially greater than the previous installment payments. The unpaid balance of a long-term loan is paid off in a lump s ...

Rollover And Withholding Rules For Qualified Plan Distributions: Payment Paid To Employee

Rules stating that, for any portion of the payment made to the employee from an eligible rollover distribution, the plan administrator is required by ...

Immediate Variable Annuity Contract

A contract sold by insurance companies that is bought by means of a single lump sum payment usually providing a monthly income payment for the annuita ...

Terminal Funding

Former method of funding a pension plan. When employees retire, the employer sets aside a lump sum that will pay them lifetime monthly benefits. When ...

Popular Real Estate FAQ

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Tax Breaks for the First Time Home Buyer How is Square Footage Determined? What Must I Disclose When Selling My Home? 3 Reasons Why Now Is The Perfect Time To Sell Your Home How Does The Home Loan Underwriting Process Work?

FAQ

What do I need to know about Individual Health Insurance? What is an index? What is an overall debt ratio? Do you have any tips to help me manage my investing? What is cooperative?