Lump
Sum
(From Wikipedia, the free encyclopedia)
Lump sum is a single payment for the total amount due, as opposed to a
series of periodic payments.
(From www.Investopedia.com)
A one-time payment for the entire amount due, rather than breaking
payments into smaller installments. Some lump-sum distributions receive
special tax treatment.
(From our website)
Lump Sum is about getting your Cash Now - all at one time - instead of
spread over months or years. The benefits of Lump Sum are that
you get the money on one large chunk that you can use as you please.
The drawback is that you have to weigh the loss of the periodic
payments against the gain of the lump sum to determine if it is
advantageous for you to exchange the future payments for Lump Sum Cash
Now.