How to use Lump-sum in a sentence
From A day, the maximum tax-free lump sum will be 25% of the value of the fund.
If you survive the diagnosis for more than 28 days you will receive the Sum assured as a tax free lump sum.
The final payment is a large lump sum of the remaining principal.
This annual tax-free lump sum is normally paid from November and most payments are made by Christmas.
An order for an outright transfer might be coupled with a lump sum payment between the spouses.Advertisement
The simplest is a lump sum payment of the value of the policy.
By an agreement dated the 13th of January 1905 the sultan of Zanzibar ceded his sovereign rights in the Benadir ports to Italy in return for the payment of a lump sum of £144,000.
He was originally a mere tax-collector, or farmer of the land revenue, who agreed to furnish a lump sum from the tract of country assigned to him.
Engagements, sometimes yearly, sometimes for a term of years, were entered into with the zamindars to pay a lump sum for the area over which they exercised control.
This grant was withdrawn by the Irish Church Act 1869, the college receiving as compensation a lump sum of over X 37 2, 000.Advertisement
We have also looked in detail at the savings to be made from removing the 85 Rule and the 25% lump sum commutation.
The three were paid seven francs in a lump sum for the night.
In the event of your death the Scheme pays a lump sum death gratuity of two years pay.
Essentially, they assist consumers with negotiating the total amount of debt owed, combining it into a single, lump sum and distributing the monthly payment on the debt to creditors.
Specifically, it is a good idea for those who have the ability to pay off a lump sum of debt in hand.Advertisement
However, most settlements are for one lump sum payment.
Do plan to have the necessary lump sum payment in hand to apply toward the debt.
Be it a car, a house, or anything that costs more than a few pennies, you're probably not going to pay it off in one lump sum.
Once your creditors agree to a lower settlement of your debts, the negotiation company makes a lump sum payment to those creditors out of the payments you have banked with the negotiation company.
Must you accept payment in monthly installments or is a lump sum available?Advertisement
The client pays the counseling company one lump sum fee each month, which the company divides into payments for each account.
Settling your account requires you to know exactly what your account balance is and what you are willing to pay either in a lump sum or over a period of 3-4 months.
Instead, the debt consolidation service takes over the contact with the creditors, negotiates acceptable terms with all parties, and starts divvying up your lump sum payment accordingly.
Some will even offer a discount on the entire amount you owe if you pay a lump sum amount by a set due date.
An agreement to accept payment in installments instead of a lump sum.Advertisement
While your total amount owed on Visa account XYZ is $2,500, we will consider a lump sum payment of $1,200 on this account as payment in full.
If you have a lump sum payment that you can make, or you can make significant payments over a few months, request a debt settlement.
Some creditors will be willing to negotiate your debt, especially if you are able to make a lump sum payment of cash or if you are behind on your payments and your account is in danger of being sent to collections.
Before you agree to a lump-sum settlement, verify that it will satisfy all obligations on the account.
In this letter, propose a payment plan that you will be able to meet, or offer to pay a lump sum that is less than the total you owe.
It may take the form of a lump sum payment or monthly payments.
Another option that someone wondering, "How much spousal support do I have to pay?" may want to consider is offering to make a lump sum payment instead of paying monthly spousal support.
The spouse who needs financial support will also want to consider the tax implications of taking a lump sum payment instead of receiving support on a monthly basis.
Spousal support can come in the form of payments or as one lump sum.
The order or agreement cannot include a provision where a lump sum payment or transfer of property after death is required.
Home equity loans are fixed rate loans that allow you to dip into the equity that has accumulated in your home and borrow a lump sum of money.
If you won't need a lump sum draw when you close, this feature is worth taking into consideration.
Single premium whole life insurance is purchased in one lump sum payment.
The company's affordable pay-per-service financial structure also lets clients avoid lump sum payments for potentially expensive treatments, helping make laser hair removal more affordable.
They offer a one time, lump sum payment that you can use to consolidate debt, improve your home, or cover some other important expense.
Regular set payments are made, but after a specific period of time (7 years) a large lump-sum payment is due to pay the balance.
Taxes can be added to your monthly mortgage payment, or in some cases you might be able to pay this amount in an annual lump sum.
While a traditional mortgage is used to purchase a home, a reverse mortgage is used to tap into the equity of a home to provide the homeowner with funds either as a monthly income or in a lump sum.
The homeowner can receive the cash in one lump sum or the funds can be paid to the homeowner in regular payments.
Owner finance is a way to buy a property in which the homeowner does not get paid in one lump sum payment.
Equity loans are installment loans where one lump sum of money is obtained from the lender and is paid back in recurring monthly payments.
The money is issued as a lump sum with provisions on how the money is to be spent.
Investigating discounts for paying premiums in a lump sum instead of monthly.
Instead of paying all of your creditors directly, you pay CCCS one lump sum each month and they distribute the money as needed.
You buy a phone, open an account, pay for your minutes either in a lump sum of 30-1,000 minutes, or buy a calling card in a specified amount and away you go.
When making contributions to health savings accounts, you can generally deposit funds regularly or in one lump sum.
The original terms of the universal life insurance policy determine whether the beneficiary of the policy receives a predetermined lump sum or instead receives the lump sum in addition to the cash value of the investment account.
Like the universal life policy, beneficiaries may receive either the predetermined lump sum or the lump sum along with the cash value of the investment account.
The Pre-Paid plan is typically a health plan where members pay a certain lump-sum into the plan at the start of the year, and this total covers co-payments and other "out-of-pocket" costs incurred throughout the year.
People who make a lump sum payment will receive a discount on their premium.
With this type of investment, individuals can choose to receive a lump sum payment or steady payments when they choose to cash out the annuity.
During the payout phase, individuals can choose to receive a lump sum payment of all monies earned and invested, or there is the option of having fixed payments that are made over a specified period or indefinitely.
Aflac gap insurance also includes policy choices that pay out a lump sum benefit when the policyholder is diagnosed with cancer or a specified illness.
The lump sum benefit paid may allow the policyholder to keep his or her savings intact while undergoing treatment.
When the company receives either a lump sum payment or a series of deposits to the annuity, the annuitant's return is linked to the movement of an index on the stock market.
Also, if you should die or develop a terminal illness while covered under the policy term, you or your beneficiaries will be paid a lump sum payment.
Don't forget that if you have a lump sum of money, and you want to put it away for future use, an annuity can offer tax-sheltered growth.
The investor can make a lump sum deposit or make a series of payments to Metlife over time.
The accountholder, or annuitant, can either deposit funds in a lump sum or make a series of smaller deposits over time.
With a single premium annuity, you put all of the money into it as a lump sum.
The immediate annuity is usually utilized by people who already have a large lump-sum of money saved and want to allow that money to grow at a fixed rate while receiving income payments from the account.
The person buying the annuity (the annuitant) can make either a lump-sum deposit or contribute specific amounts to the plan over time.
This allows employers to submit a larger, lump-sum to the IRS rather than several, smaller amounts.
Once a lump sum compensation payment has been received, it may affect your client's entitlements to any income-based benefits.
We asked that the conditions be leveled up and sought a one-off lump sum payment.
If you do not make a nomination we will pay the lump sum to your estate.
He will do this by providing the lump sum calculated by the court.
The objective is to award a lump sum that will enable the claimant to meet his assessed needs over the relevant period.
The main change proposed would see a shift from a lump sum payment at the outset to periodical payments.
Taking such a large lump sum can be very tempting.
Projects are undertaken on a global basis and are always lump sum turnkey.
A lump sum is payable based on the severity of the injury.
The decision to take the lump sum would not affect the payment of any spouse 's pension or child 's pension.
Another benefit is that you get a lump sum payment when the bond matures.
They may subsequently consolidate your debt into a single, lump sum.
There are organizations out there that are happy to help with advice and, if suitable, creating a payment plan where you pay a lump sum each month which the organization pays out to lenders.