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

法律翻译李黎，毕业于欧洲顶尖的高级翻译学院，专注翻译各类与福利、薪酬及雇佣有关的法律文件。