COMPACT CLAUSE

Compact Clause.U.S. Const. art. I, § 10, cl. 3, which forbids a state from entering into a contract with another state or a foreign country without congressional approval. [Cases: States  6. C.J.S. States §§ 31–32, 143.] [Blacks Law 8th]

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COMPACT

compact (kom-pakt), n. An agreement or covenant between two or more parties, esp. between governments or states.family compact.An agreement to further common interests made between related people or within a group that behaves as a family. • Historically, some international treaties among nations ruled by monarchs have been called family compacts because of intermarriage among the royal…

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COMMUTATION OF TAXES

commutation of taxes.A tax exemption resulting from a taxpayer’s paying either a lump sum or a specific sum in lieu of an ad valorem tax. [Cases: Taxation  200. C.J.S. Taxation § 273.] [Blacks Law 8th]

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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. [Blacks Law 8th]

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COMMUTATION

commutation (kom-y<<schwa>>-tay-sh<<schwa>>n), n.1. An exchange or replacement. 2.Criminal law. The executive’s substitution in a particular case of a less severe punishment for a more severe one that has already been judicially imposed on the defendant. Cf. PARDON; REPRIEVE. [Cases: Pardon and Parole  28. C.J.S. Pardon and Parole §§ 4, 34–41.] 3.Commercial & civil law. The…

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