Commutation -

It helps companies close out old contracts, resolve disputes over reserves, or manage tax liabilities. Assignment X5.1 - Understanding Commutation - ActEd.co.uk

Changing a death sentence to life imprisonment or reducing a 20-year sentence to 10 years. commutation

You get a significant amount of cash upfront but receive a reduced monthly pension for a fixed period (often 15 years). It helps companies close out old contracts, resolve