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

法律翻译亚明，毕业于欧洲顶尖的高级翻译学院，专注翻译各类与汽车与运输有关的法律文件。