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What is a lump sum payment? Ans: A lump sum payment is often associated with a single amount paid to acquire a group of items

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تم إضافة السؤال من قبل Khaja Moinuddin , Group Assistant Financial Controller , Confidential
تاريخ النشر: 2013/06/24
catherine mbthi
من قبل catherine mbthi , Administration Officer , Rohto Mentholatum Kenya Limited

True.A lump sum is a single payment of money, as opposed to a series of payments made over time

Khaja Moinuddin
من قبل Khaja Moinuddin , Group Assistant Financial Controller , Confidential

1.
True.

SALIK RAFIQUE
من قبل SALIK RAFIQUE , Lecturer , PAC Group of Colleges

TRUE -- one time payment to acquire a group or one item is known as lump sum payment.

mukkur srinivasan varadhan
من قبل mukkur srinivasan varadhan , Chartered Accountant , Chartered Accountant in practice

There may be dispute on various counts in a payment. After mutual agreement, a mutually agreed figure may be agreed taking into account various factors. That single payment which will be a final discharge can be a lump sum payment.

In life insurance policy coverage for medical expenses for critical diseases, in case of incurrence of the covered critical disease, a one time payment is made immaterial of the actual expenses. That one time payment is called lump sum payment.

مستخدم محذوف‎
من قبل مستخدم محذوف‎

Single large payment made all at once, in lieu of several smaller payments made at regular or infrequent intervals.
A one-time payment for the total or partial value of an asset.
A lump-sum payment is usually taken in lieu of recurring payments that would otherwise be received over a period of time.
The value of a lump-sum payment is generally less than the sum of all payments that the party would otherwise receive, since the party paying the lump-sum payment is being asked to provide more funds up front than it otherwise would have been required to.

Ghulam Mustafa
من قبل Ghulam Mustafa , Finance Manager , Al Hamli Group of Companies

True : A one-time payment for the total or partial value of an asset. A lump-sum payment is usually taken in lieu of recurring payments that would otherwise be received over a period of time. The value of a lump-sum payment is generally less than the sum of all payments that the party would otherwise receive, since the party paying the lump-sum payment is being asked to provide more funds up front than it otherwise would have been required to.