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]
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]