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

译员Roger，毕业于欧洲一流的高级翻译学院，专注翻译各种与公共及基础设施融资有关的法律文件。