X-Nico

unusual facts about Lump sum


Lump sum

In 1911, American union leaders including Samuel Gompers of the American Federation of Labor expressed opposition to lump sums being awarded their members pursuant to a new workers compensation law, saying that when they received lump sums rather than periodic payments the risk of them squandering the money was greater.


Congress of the New Right

Capitation tax - shall be paid in the form of lump sum by every citizen between the age of 18 and 68 - with the exception of women staying home - in the amount of around two hundred PLN.


see also

Collatio lustralis

Libanius, Zosimus and Evagrius list examples of the hardships caused by this tax, probably because it was collected in one lump sum every four years.

Foreign Claims Settlement Commission

The first stage provided for compensation for Hugo Princz and a small group of other known concentration camp survivors, through a lump-sum payment to the United States of 3 million Deutsche Mark (about $2.1 million).

Value averaging

American financial theorist and money manager William J. Bernstein has stated that value averaging is superior to lump sum investing and dollar cost averaging for deploying a large sum into a portfolio.