commutation
noun [ C or U ]
uk/ˌkɒmjʊˈteɪʃən/ us FINANCE, INSURANCE
the act of changing a financial agreement so that someone receives the whole of an amount of money immediately instead of receiving it at a later time in a series of smaller payments:
Unless the policyholders are in need of short-term cash, there is no benefit to them in these commutations.
LAW
the act of replacing a punishment with a less severe one:
The committee also examined factors a governor might consider for commutation of death sentences.
Another 12 commutation requests were denied.
the act of travelling regularly between your home and the place where you work:
They have developed an electric car for safe and sustainable commutation on city roads.
Join our Mail & Ride program to receive your monthly commutation ticket automatically by mail.
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