Sentences with phrase «in a lump sum payment of»

Loveless chose to take his winnings in a lump sum payment of $ 29,552,283, according to the state Gaming Commission.

This credit does not have monthly payments of a set figure, but instead is due all at once in a lump sum payment of the full amount owed.

Not exact matches

• About 16 per cent of mortgage holders increased their mortgages payments in 2016 and 18 per cent made an additional lump sum payment in the last year.

In some cases, unscrupulous brokers hold «free lunch» seminars in which they offer reckless advice, like recommending retirees cash out of their 401 (k) planor take a lump - sum payment for the cash value of their pension and use the money to open an IRA through theIn some cases, unscrupulous brokers hold «free lunch» seminars in which they offer reckless advice, like recommending retirees cash out of their 401 (k) planor take a lump - sum payment for the cash value of their pension and use the money to open an IRA through thein which they offer reckless advice, like recommending retirees cash out of their 401 (k) planor take a lump - sum payment for the cash value of their pension and use the money to open an IRA through them.

These are financial products that provide you with a series of monthly payments in exchange for one lump - sum purchase, and some of them promise that regular income for life.

You give an insurance company money in a lump sum or in payments over a period of years, then at retirement, the cash gets «annuitized,» or paid out in a string of payments based on your life expectancy.

Unlike purchase arrangements at other carriers, Sprint's leases require the customer to turn their iPhone in at the end of the 18 - month term or make a lump sum payment (customers can also upgrade their phone after 12 months).

The premise behind an immediate annuity is simple: You invest a lump sum of money with an insurance company (although you would actually do so through an adviser, a broker or insurance agent) and in return you receive a guaranteed monthly payment for life regardless of how the financial markets perform.

By making one large lump sum payment, balloon loans allow borrowers to lower their monthly loan repayment costs in the initial stages of paying back a loan.

You could buy a 5 - year MYGA, for example, for a lump sum payment of $ 75,000 that's currently sitting in a low - interest savings account, to guarantee a steady stream of income for the next five years.

In an immediate annuity, the purchaser gives an insurance company a lump sum of cash and receives payments until they die.

In addition, borrowers who have lump - sum payments made on their behalf under a student loan repayment program administered by the U.S. Department of Defense may also receive credit for more than one qualifying PSLF payment.

In this case, your bank will provide a lump - sum loan payment or extend a line of credit based on this amount.

Some 18 per cent of respondents said they had increased their payments in the past year and 16 per cent said they had made lump sum payments.

You purchase the contract for a specific amount of money, either through a lump sum or periodic payments, and in exchange, the insurer agrees to pay you a set amount on a recurring basis.

One option is known as «single premium», in which you make a lump - sum payment at the time of closing which covers your PMI policy for as long as your mortgage is active.

In exchange for a lump sum or a series of up - front payments, you will later receive a steady, predictable annual income.

If you bought a home at the median price of $ 255,990 and wanted to avoid paying private mortgage insurance, you'd need to put down a 20 percent down payment (more than $ 50,000) in one lump sum.

The money in your annuity — which you invest as a lump sum or through a series of payments, depending on the policy you choose — generates a stream of income paid to you for your lifetime.

Tedisco's bill requires all member items, discretionary funds, and so - called «lump sum payments», which are controlled by the Speaker of the Assembly, Senate Majority Leader and Governor and negotiated in many instances behind closed doors, be made public and fully transparent within the state budget.

In respect of both individuals there will be: • No lump sum payment • No annual short - term performance bonus for 2012 or 2013 • No long - term share award for 2013

UPDATE: Larry Rulison of the Times Union has reported, after reviewing the separation agreements, that the four former employees «received a total of nearly $ 115,000 in lump sum [separation] payments.»

The Association of British Insurers (ABI) has responded to the Treasury's announcement that pensioners will be able to cash in their annuities for a lump sum payment from April 2017.

The Islanders» sublease with SMG, agreed upon during the final days of Democrat Thomas Suozzi's tenure as Nassau County executive in December 2009, also stipulates that the hockey team owes SMG a $ 7 million lump sum at the end of the lease as part of a deferred rent payment plan.

In 2010, Chief Salzmann received a lump sum buyout payment of $ 3,100 for 37 vacation days although his employment contract only entitled him to convert a maximum of 30 vacation days per year for pay.

His organization and other good - government groups are this year asked politicians to sign a pledge promising to reform the process of lump sum payments, which the Citizens Union said total $ 2.9 billion in the current year's budget.

Each longer membership becomes less expensive; a 3 - month trial for $ 16.99 / month, 6 - month trial for $ 13.99 / month, and a one - year trial for $ 9.99 / month, all of which can be paid monthly or in a lump sum payment.

The funds can either be received as a lump sum, or in small daily installments with additional interest payments of 10 %.

When an individual retires under a DB plan, she is entitled to a stream of payments that has a lump - sum value that we calculate using standard actuarial methods (which take into account expected mortality patterns and adjust the sum of payments to reflect the fact that they are received over many years rather than at a single point in time).

For each year of creditable service purchased through the ERI, however, the district has to pay 12 percent of the teacher's salary in a lump - sum payment.

Substitute costs are in addition to the financial burden of guaranteed leave time: teachers typically are given a lump sum payment for any unused leave when they retire.

A partial lump - sum payment whereby a portion of the accrued benefit is paid to the participant and the remaining amount is transferred to an eligible retirement plan, as defined in s. 402 (c)(8)(B) of the Internal Revenue Code, on behalf of the participant; or

These few authors have effectively negotiated the receipt of huge lump - sum payments for their books, instead of whatever nominal royalty rates are specified in their contracts (to avoid triggering escalator clauses).

That means paying more than your monthly payment — either in a lump sum at a time of your choosing or by paying extra each month.

Years of service buy backs can be paid in a lump sum, with installment payments or by direct trustee - to - trustee rollovers from another eligible retirement plan.

When you and the seller agree to a price, you will need to make a down payment — the lump sum in cash that you can afford to pay at the time of purchase.

Another option is to add the PMI premium in a lump sum to your mortgage balance and to repay it as part of your monthly mortgage payment.

This coverage provides a lump sum to repay outstanding payments in case of death or fatal illness.

By making one large lump sum payment, balloon loans allow borrowers to lower their monthly loan repayment costs in the initial stages of paying back a loan.

A balloon auto loan or residual payment loan is a loan in which monthly payments are made for a certain amount of time, ending with a lump sum payment to the lender at the end of the loan term.

One option is known as «single premium», in which you make a lump - sum payment at the time of closing which covers your PMI policy for as long as your mortgage is active.

This means that the mortgage is paid off in a lump sum all at once, rather than in a series of fixed payments like for other installment loans.

But if you get laid off near the end of the year there is no harm in asking if a severance payment (usually a lump sum) can be divided into two smaller (equal) payments — one in the current year and one in the following year.

A self - managed super fund (SMSF) can pay benefits in the form of a lump sum, an income stream (pension) or a combination of both, provided the payment is allowed under super law and the fund's trust deed.

In debt consolidation loans, all of your monthly bills are put into one lump sum payment that you can afford to make.

These types of loans are dispensed by a lender in one lump sum, and then paid back over time in what are usually monthly payments.

The premise behind an immediate annuity is simple: you give an insurer a lump sum in return for monthly payments that start at once and continue the rest of your life.

While the updated benefit kicked in on the first of the year, payments won't be made until summertime, when parents will receive a lump sum for the first half of 2015, after which payments will be made monthly.

«In much the same way investment advisors and the investment industry preach dollar - cost - averaging and investing small increments of money over a long period of time, as opposed to one lump sum of money all at once, I think that just goes to justify the benefit of taking the payments over the long run,» says Heath, «Especially if one didn't have a lot of financial aptitude.»

Borrowers may choose how they wish to receive proceeds from a reverse mortgage: as a lump sum, in periodic payments, as a line of credit, or a combination of these options.