Sentences with phrase «remainder in a lump»

Since there's more than enough money to pay off your old loan, you receive the remainder in a lump sum.

Not exact matches

In a bowl with your fingertips or a pastry blender blend together flour, butter, shortening, and salt until most of mixture resembles coarse meal with remainder in small (roughly pea - size) lumpIn a bowl with your fingertips or a pastry blender blend together flour, butter, shortening, and salt until most of mixture resembles coarse meal with remainder in small (roughly pea - size) lumpin small (roughly pea - size) lumps.

Under the existing rules, up to 25 per cent of the fund could be taken as a tax free lump sum and the remainder would, in the majority of cases, be required to be used to purchase an annuity.

After the short term expires, the remainder of the balance is due in one lump sum or «balloon payment».

Under the adjustable rate reverse mortgage, homeowners can choose to receive home equity in monthly payments, term or tenure payments (a term payment being for a set term established by the borrower and a tenure payment being a payment for life), in a line of credit that you can access when you want, or a combination of any of these choices (i.e. a small lump sum to make repairs now, a portion in a line of credit to be able to access for later needs and the remainder in monthly payments for life).