Sentences with phrase «process of lump sum payments»
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.
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The process of converting a pension or annuity into a lump sum payment.
According to the Law Dictionary, if you decide to receive annuity payments instead of receiving a lump sum, you can receive your first payment as quickly as 10 days after the claim is processed.
«Commutation» is a term which generally means the process of converting a pension or annuity into a lump sum payment.
The use of lump sum payments to help accelerate the process often goes overlooked.
Amortization of a loan is the process of dividing a lump sum of money owed into regular payments, such as with a home mortgage.
According to the Law Dictionary, if you decide to receive annuity payments instead of receiving a lump sum, you can receive your first payment as quickly as 10 days after the claim is processed.
It is the process by which all or part of a lump sum is converted into regular payments instead of a lump sum.
Both processes also allow for solutions that differ from what a court might be able to order - such as a lump sum payment in lieu of alimony.