/lʌmp sʌm sɛtlmənt/ – Phrase
Definition: việc đền bù bằng một khoản tiền trả gọn 1 lần.
A more thorough explanation: A lump sum settlement refers to a single, one-time payment made to settle a legal claim or obligation, typically in a legal context such as a lawsuit or insurance claim. This payment is made in lieu of periodic payments or ongoing obligations, and once accepted, it typically resolves the matter completely.
Example: The parties agreed to a lump sum settlement to resolve the dispute out of court.