1. A sum of money paid all at once, rather than in instalments.
2. A sum of money paid for freight, irrespective of the size of the cargo.
3. An insurance benefit, such as a sum of money paid on retirement or redundancy or to the beneficiaries on the death of an insured person. Retirement pensions can consist of a lump sum plus a reduced pension.
4. A form of damages; a lump-sum award is given in tort cases.
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