The settlement option in which the company acts as trustee and pays interest to the beneficiary is called a Lump-sum payment.
The lump sum is an unmarried price of money, as opposed to a series of bills made through the years (together with an annuity).
the united states department of Housing and concrete development distinguishes between "rate evaluation" and "value analysis" by whether or not the selection maker compares lump sum quantities, or topics agreement fees to an itemized value breakdown.
In 1911, American union leaders inclusive of Samuel Gompers of the Yankee Federation of labor expressed opposition to lump sums being presented to their members pursuant to a brand new employees' repayment law, saying that when they acquired lump sums as opposed to periodic payments the chance of them squandering the money become more.
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