The $50,000 is a lump sum payment. Sometimes the term lump sum payment merely indicates a single payment. For example, the maturity value of a bond might be referred to as a lump sum payment in order to distinguish it from the series of semiannual interest payments. Related Questions Why...
Lump-sum vs. annuity What are the advantages of lump-sum payments? What are the disadvantages of lump-sum payments? What are the tax implications of lump-sum payments? We can help A lump-sum payment refers to situations where an amount of money is paid all at once, rather than in insta...
A lump sum contract is usually a written agreement, although an oral agreement may be binding in some cases. Once the contract has been signed, all parties are bound to adhere to its terms. The contract ordinarily details the fixed total amount to be paid to the contractor and the timeline...
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分摊及拨回 (law) the principle that an act done at a later time is deemed by law to have occurred at an earlier time; "his attorney argued for the relation back of the amended complaint to the time the initial complaint was filed"...
From time to time, the owner of an immediate annuity may opt to sell their future income stream for an immediate lump sum payout. When such a pre-owned annuity is available for purchase we call that a Secondary Market Annuity (SMA)....
A lump is a mass beneath the surface, often associated with health concerns, while a bump is a raised area on the surface, typically from an impact.
When you take all of your money out of a tax-advantaged retirement plan, you'll typically have to pay taxes on your withdrawal, just as if it was ordinary income. If you have a large retirement plan balance, taking a lump-sum could trigger significant ta
A lump-sum comes with pros and cons. One advantage is that with a lump sum, you have more control up front, and once you receive it, you can invest the money however you wish. However, you may receive less money in a lump sum than you would have if you took periodic payments. Tax...
How a Lump-Sum Distribution Works It is not always best to take the lump-sum payment in lieu of periodic annual payments; if offered the choice, consider taxes, investments, and thenet present value(NPV), which accounts for thetime value of money. ...