Exchange Currency

commutation

The trade of a series of payments for a lump sum settlement.

Related information about commutation:
  1. Commutation of sentence - Wikipedia, the free encyclopedia
    Commutation of sentence involves the reduction of legal penalties, especially in terms of imprisonment. Unlike a pardon, a commutation does not nullify the ...
     
  2. Commutation - Merriam-Webster Online
    replacement; specifically : a substitution of one form of payment or charge for another. 3. : a change of a legal penalty or punishment to a lesser one ...
     
  3. commutation - The Free Dictionary
    com·mu·ta·tion (k m y -t sh n). n. 1. A substitution, exchange, or interchange. 2. a. The substitution of one kind of payment for another. b. The payment substituted.
     
  4. Commutation - Legal Dictionary - The Free Dictionary
    Modification, exchange, or substitution. Commutation is the replacement of a greater amount by something lesser. To commute periodic payments means to ...
     
  5. USDOJ: Office of the Pardon Attorney: Commutation Instructions
    All petitions for commutation of sentence should be forwarded to the Office of the Pardon Attorney, U.S. Department of Justice. The completed commutation ...
     
  6. Commutation | Define Commutation at Dictionary.com
    the act of substituting one thing for another; substitution; exchange. 2. the changing of a prison sentence or other penalty to another less severe. 3. the act of ...
     
  7. Electronic commutation
    electronic commutation, borrowing on terminology used for the mechanism in dc motors, called a commutator, that switches current from winding to winding, ...
     
  8. Definition of commutation
    commutation definition and meaning by Oxford University Press.