Sentences with commutation
com·mu·ta·tion
C c - The commutation clause provides, by payment of a lump sum, for the complete discharge of all future obligations for reinsurance losses incurred.Commutation involves the termination of all obligations between the parties to a reinsurance agreement, normally accompanied by a final cash settlement.Commutation is the formal ending of an insurance or reinsurance agreement by payment of an agreed sum in settlement.
- He appealed for a commutation of his death sentence to life imprisonment.
- Six of those on the commutation list had been sentenced to life in prison.
- Thus, high heels are worn by them in daily commutation and high-end parties.