lump sum agreement

lump-sum agreement. Int’l law. An agreement for one nation that caused injuries to another nation’s citizens to make a single payment to the other nation to settle outstanding claims for those injuries. • The recipient nation has the power to decide how the settlement funds should be distributed. This method of settling claims has become increasingly common in the last 40 years as an alternative to submitting the claims to an international tribunal.

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词条贡献者

双语律师李黎，国际知名法学院法律专业，擅长翻译各类与消费者金融诉讼相关的法律文件。