Lump-Sum Settlement

Lump-Sum Settlement

The payment of an entire debt all at once rather than in installments; the payment of a set amount of money to satisfy a pecuniary obligation that might otherwise continue indefinitely.

Lump-sum alimony, for example, is the payment of a large sum of money upon the dissolution of a marriage in order to circumvent the obligation to pay a certain amount, fixed or fluctuating, on a regular basis, for an indefinite period of time. This type of Property Settlement is also known as alimony in gross.

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Higher indemnity benefits per claim were mainly due to the longer duration of temporary disability and more frequent permanent partial disability and lump-sum settlement payments.
The basic contract is for the realization of driving performance, technical maintenance and checks on local heating, ventilation and hot water are subject to a lump-sum settlement (P2).
69) During the nineteenth century, the lump-sum settlement became the "paramount vehicle" for the executive branch to distribute funds to victims of foreign government spoliation, unpaid creditors, or people injured by accidents on the high seas--a development that placed unique pressures on the executive to distribute funds fairly and efficiently.
And those who have loans lasting more than five years and especially with any high-interest financing term run an especially high risk of being stuck with potentially thousands of dollars in a lump-sum settlement with the lender whose loan covered the purchase of the vehicle.
14, selectmen agreed to offer a lump-sum settlement to take Mr.
If the insurance companies do agree to pay, they prefer to pay a lump-sum settlement so that they avoid the long-term recurring impact on their financial statements.
The Guardian's antitrust lawsuit eventually failed in court, but a lump-sum settlement financed the paper's move from fortnightly to weekly publication.
Coll also reports that he had urged a lump-sum settlement with Ms.
The inclusion of prescription drugs in the set-asides makes the medical portion by far the most costly part of the lump-sum settlement, said James E.
For example, the spouse funding the trust may be concerned that the other spouse does not have the level of financial sophistication or knowledge to handle a large lump-sum settlement prudently.
But he is holding out for a lump-sum settlement on a deal which stretches to the end of the season.
139) Medicare's obligation for medical expenses will commence when "medical expenses related to the injury or disease equal the amount of the lump-sum settlement allocated to future medical expenses.