Thousands of investors have told us they are confused by the investment jargon that is used by financial advisors. We also know some terms, that investors don't understand, are used by advisors as sales ploys. They establish themselves as experts when they define a term you may not understand.
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Definition of 'Lump Sum'
A sum of money that is paid to an investor at one time versus a series of payments. For example, an investor takes a lump sum distribution from a 401k plan.