What is Lump Sum?

Lump sum is a big amount of money what a person receives or pays at one moment. Lump sum is not similar to small monthly payments. For example if you have a lump sum of money you have to choices to make if your planning to invest in the market. To use it all at once or gradually drip in to the market. Also you can receive a lump some of money if an insured person dies and your named as the beneficiary. Or you can make a payment of a lump some of money when you buy a car and pay it on the spot