GLOSSARY

Lump Sum

A lump sum is a single payment of money, as opposed to a series of payments made over time (such as an annuity).

What is Lump Sum?

A lump sum is a single payment of money, as opposed to a series of payments made over time (such as an annuity). The United States Department of Housing and Urban Development distinguishes between "price analysis" and "cost analysis" by whether the decision maker compares lump sum amounts, or subjects contract prices to an itemized cost breakdown.

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