sign in
Forgot your password?
Want more? Register today for a trial. 7-day trial

A swap of one type of payment for another, or a pre-payment of monies due, usually on a discounted basis taking into account the time-value of money; for example, the swap of an annuity for a lump sum payout.

Synonyms: commutations, commute, commutes
Synonyms list (a comma-separated list)
commutations, commute, commutes