commutation Meaning in Cambridge Business English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of "commutation" - Business English Dictionary

See all translations

commutation

noun [C or U]
 
 
/ˌkɒmjʊˈteɪʃən/
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. →  Compare commute
Translations of “commutation”
in Chinese (Traditional) 減刑…
in Chinese (Simplified) 减刑…
(Definition of commutation from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of commutation?
Add Cambridge dictionaries to your browser to your website

Definitions of “commutation” in other dictionaries

Word of the Day
meme

an idea, image, video, etc. that is spread very quickly on the internet

Word of the Day

July 4th, Bastille Day, and the language of revolution.
July 4th, Bastille Day, and the language of revolution.
by Liz Walter,
July 01, 2015
With America’s Independence Day on the 4th and France’s Bastille Day on the 14th, July certainly has a revolutionary theme, so this blog looks at words and phrases we use to talk about the dramatic and nation-changing events that these days celebrate. In particular, it focuses on one of the most important

Read More 

burger noun
burger noun
June 29, 2015
a menu on a computer screen comprising three short parallel horizontal lines which the user clicks to see options Definitely use a burger. You could put the settings in the burger menu too. Fix the settings to the bottom of the burger menu and use a vertically scrolling contact list that scrolls behind

Read More