LUMP-SUM Definition

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LUMP-SUM is an agreed upon sum of money, which is paid in full settlement all at one time.

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GNMA MIDGETS are GNMA bonds secured by mortgages with a stated maturity of 15 years.

SALES is the total amount sold within a stipulated time period, usually 12 months. Sales is usually expressed in monetary terms but can also be in total units of stock or products sold.

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