Sentences with phrase «receives in a lump sum»

A term loan involves a fixed amount of funds, which the business receives in a lump sum once the loan is approved.

Cash payouts can be received in a lump sum, as a line of credit, or in installments for as long as the borrower lives in the house.

Instead, some of the equity in your home is first used to pay off any existing mortgages, and the remaining loan amount is converted to non-taxed cash that you may receive in a lump sum, a monthly disbursement, or a line of credit.

Under Internal Revenue Code (IRC) section 104 (a)(2), gross taxable income does not include damages received in a lump sum or through periodic payments due to physical illness or injury.

A term loan involves a fixed amount of funds, which the business receives in a lump sum once the loan is approved.

Don't include in your income compensatory damages for personal physical injury or physical sickness (whether received in a lump sum or installments).

For example, you'll need to pay taxes on your severance, whether you receive it in a lump sum or at regular intervals, just as you pay taxes on your standard paycheck.

For example, receiving severance pay does not impact your benefits in California, even if you receive it in a lump sum instead of in regular installments like a paycheck.

Not exact matches

In a report released last month, GAO concluded that the offers it received «did not compare favorably with other financial products or offerings, such as loans and lump - sum options through pension plans.»

For example, some companies may prefer to receive the loan proceeds in three increments instead of in a lump sum.

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.

Shkreli eventually persuaded Blanton to resolve his MSMB claims via a consulting agreement with Retrophin dated March 6, 2014, under which Blanton was to receive 200,000 shares of Retrophin stock in a lump sum (the «Blanton Consulting Agreement»).

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

If you withdrew that amount in a lump sum at the end of 30 years and paid taxes at that time, you'd receive $ 331,149 — still significantly more than the $ 266,740 in the taxable account.

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.

Rather than having access to the money as you want it, you receive it in one lump sum.

It is immaterial whether the life insurance proceeds are received in a lump - sum or otherwise.

Another example would be a young widow with small children receiving a lump - sum settlement from her husband's life insurance policy and can not risk losing the principal; although growth would be nice, the need for cash in hand for living expenses is of primary importance.

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

Once you're granted a personal loan, you'll receive the funds in one lump sum.

With an installment personal loan, a borrower receives the money in one lump sum and then repays it in regular (usually monthly) smaller payments.

Receive one lump sum and pay it back in fixed monthly payments.

NY - Gunner I think you will find not much difference, if I'm not wrong it's around couple of million between each placement, in fact Man - U recived over a million more then the champions last season Man - City received around # 97.5 million and fourth place us recived # 93.5, I'm not shore if there is an actual lump sum prize for wining the epl but I'm shore someone will correct me if I'm wrong.

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.»

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.

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).

Parents have a strong incentive to maximize the educational value that their children receive from the voucher, but since a traditional voucher must be spent in a lump sum, there is no incentive to economize below the value of the voucher.

Imagine that a teacher receives a one - time lump - sum payment worth his pension wealth when she retires in a given year.

And a controversial special education funding model used in the 2016 - 17 and 2017 - 18 school years, when schools received a lump sum for staff positions instead of a set number of positions that were paid for through CPS headquarters, «more likely than not» delayed providing or eliminated teachers and classroom aides for some students.

Every school in England will also receive a lump sum of # 110,000 to help with fixed costs, and there is also a # 26 million fund to help «rural and isolated» schools to manage their «unique challenges».

And authorities concluded that a controversial special education funding model used in the 2016 - 17 and 2017 - 18 school years, when schools received a lump sum for staff positions instead of a set number of positions that were paid for through CPS headquarters, «more likely than not» delayed providing or eliminated teachers and classroom aides for some students.

I highly doubt she'll receive the 2M in a lump sum — likely in 3 installments, the last as each work is released (whenever that'll be — 12, 18, 24 months).

Perhaps you expect to receive a future lump sum and want the choice to pay down principal and receive an immediate decrease in payments.

If you're between your preservation age and 60 years old and receive a lump sum super benefit that includes a taxable component, you must include it in your tax return.

Permanently injured workers may also receive a lump sum payment in addition to monthly compensation.

By splitting the lump sum payment into two, you'd lower your tax bill because the second payment would be taxed when you receive it (in the following year).

Personal loans are fixed: You receive a lump sum of money, and you must pay it off in installments by a set date, usually a few years.

If you receive one or more super member benefits that are super lump sums in an income year, the LRC amount is reduced for the next income year by the total of the amounts that both:

In case of diagnosis of covered critical illness #, he receives a lump sum amount of Rs. 15 lakhs, irrespective of the treatment cost.

Q: My husband is retiring from teaching and will receive a large lump sum payment, but if he doesn't put it into a retirement specific account he'll have to pay about 30 % in tax on this sum.

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.

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.

Successful applicants will receive the request loan in one lump sum within the hour.

As soon as you file your income taxes and receive your refund from the state or IRS, you pay the tax refund loans back in a single, lump sum payment.

If all of your property was destroyed, as could be the case in a home fire, you will likely receive a lump - sum payment within the limit specified on your policy.

This rider enables you to receive a lump sum portion of your death benefit to help pay expenses if you become terminally ill or need to live in a nursing home.

At the end of the accumulation period, you can receive the principal and any earnings in one lump sum when the contract is surrendered (i.e., cashed in), or you may be able to exchange the deferred annuity for an immediate annuity.

Single Disbursement Lump Sum: If the borrower (s) is eligible for a $ 100,000 loan but only needs $ 30,000, the borrower (s) may choose to only receive the $ 30,000 in a one - time lump sum paymLump Sum: If the borrower (s) is eligible for a $ 100,000 loan but only needs $ 30,000, the borrower (s) may choose to only receive the $ 30,000 in a one - time lump sum paymlump sum payment.

Critical illness insurances works in a very simple way: if you are diagnosed with any of the critical illnesses listed in your policy and survive the waiting period (typically it is 30 days), you will receive a lump sum payment that you can use towards anything you would like.