the travel of a commuter (law) the reduction in severity of a punishment imposed by law a warrant substituting a lesser punishment for a greater one
Commutation occurs when a beneficiary's interest in a trust is repurchased in advance of the termination of the trust, possibly based on actuarial values of those remainder interests prior to the termination of the trust A QPRT cannot be commuted
The giving up of part or the entire pension that would be paid at retirement in exchange for a lump sum Applied to any exchange of a series of payments to which someone is entitled for a lump sum In the case of approved pension arrangements the amount that is commutable is strictly limited
The phenomenon of opening a semiconductor switch (for example a IGBT or a GTO) which is conducting a current
the act of putting one thing or person in the place of another: "he sent Smith in for Jones but the substitution came too late to help"
A substitution, as of a less thing for a greater, esp. a substitution of one form of payment for another, or one payment for many, or a specific sum of money for conditional payments or allowances; as, commutation of tithes; commutation of fares; commutation of copyright; commutation of rations