- commutation factors
- /ˌkɒmjυ'teɪʃ(ə)n ˌfæktəz/ plural nounfactors used to calculate the amount of pension to be given up in exchange for a lump sum
Dictionary of banking and finance. 2015.
Dictionary of banking and finance. 2015.
commutation — com‧mu‧ta‧tion [ˌkɒmjˈteɪʆn ǁ ˌkɑː ] noun [countable] INSURANCE a single large payment instead of a series of future payments: • The assets of the insurer will be used to make a single, final payment, called a commutation, to policyholders. * * … Financial and business terms
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