Sentences with phrase «couple lump payments»
The agreement was that I receive a percentage of the companies as well as a couple lump payments.
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Please note that in this example the couple would also have the option of paying to the trustee the $ 20,000 (or a negotiated sum) in a lump sum payment to prevent the home being sold.
To whittle away at their debt, the couple pays $ 10,000 annually to their LOC while making the minimum monthly payment on their mortgage along with an annual lump - sum payment of $ 12,000.
A divorcing couple may also decide that one spouse will buy out the other over time, with an agreement that gradual payouts or a lump sum payment will be made at specific intervals.
The effect of child support regulations will mean that when couples part and seek legal settlement of their property and financial affairs, the pressure will be intensified for an order, either for the sale of the former matrimonial home or its transfer to the absent parent in return for a lump sum payment to the caring parent.