, omtun.com Granny Omtun helps you reach customers. 1  The weaving process is a brilliant human invention and it can be used for anything from a woven label to a t-shirt. 2  For example, here is how the woven label is made: 3  The looms weave polyester yarns, recreating the logo submitted by the client in the form of artwork.
What is a 'Lump-Sum Payment'. A lump-sum payment is a one-time payment for the value of an asset such as an annuity or another retirement vehicle. A lump-sum payment is usually taken in lieu of recurring payments distributed over a period of time.
This, actually, is a pretty common scenario for the average Fool. Upon retirement, your defined contribution plan will typically permit you to take a lump-sum payment. In many plans, after you have reached normal retirement age (as defined by the plan), a lump-sum payment will be the only choice you have.or most Fools, though, a defined contribution plan is most likely to be simply known as a 401(k) . For the purposes of what follows, and to keep things simple, let's assume that you're retiring (Woo-hoo!), have a 401(k) plan that you've been contributing to (Woo-hoo!