lumpersn.
/ˈlʌmpəz/ slang.
A lump sum paid as compensation for loss of employment.
ΘΚΠ
society > trade and finance > fees and taxes > compensation > [noun] > for termination of employment
pay-off1935
severance pay1953
silver handshake1958
golden handshake1959
lumpers1960
severance1965
society > trade and finance > money > sum of money > [noun] > lump sum > paid as compensation
payout1904
lumpers1960
earnout1971
1960 Economist 23 July 352/2 They all give the impression that they remain happiest when a colonial official takes his ‘lumpers’ (lump sum compensation) and retires for good.
1963 Punch 17 July 77/2 The civil servants..deprived..of their career, have the consolation of their ‘lumpers’—..up to £10,000.
1965 New Society 11 Nov. 11/2 The settler saw the official receive the ‘golden handshake’ or ‘lumpers’.
This entry has not yet been fully updated (first published 1976; most recently modified version published online March 2018).
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n.1960