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Term Definition Lump-Sum Settlement - a one-time settlement as opposed to a series of payments over time, or an installment or structured settlement.
Application in Divorce Also sometimes called lump-sum award all at one time, which opens the door to investment and makes appropriate tax advice imperative.

A lump sum payment ends all obligations at one time. It may be used to secure a spouse’s share of income from an installment sale to a third party.

Its appeal, in addition to the financial advantages to both parties, is that it reduces the anger associated with paying for "a dead horse," as one man described indefinite alimony.