Lump Sum

A payment that is made all at once and in full, as opposed to being distributed through equally-timed installments. A lump sum can also be used to describe the amount borrowed for a loan (e.g., personal loan, auto loan, student loan, mortgage), which is then paid back to the lender through monthly installments.

Related Products

Loans Graphic
Loans
Fiona Logo
Copyright © 2026 ML Enterprise Inc
ML Enterprise Inc. (formerly Even Financial Inc.) NMLS# 1475872 /
This site is not authorized by the New York State Department of Financial Services. No mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site. Unsecured personal loans under $50,000 with APRs above 12% are not currently available to Connecticut residents.