commutation of payments

commutation of payments. Workers’ compensation. A substitution of lump-sum compensation for periodic payments. • The lump sum is equal to the present value of the future periodic

payments.

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词条贡献者

译者Kelly，美国顶尖商学院国际经济法专业，擅长翻译各种与投资基金与基金顾问诉讼相关的法律文件。