Glossary entry (derived from question below)
English term or phrase:
Commutation
Russian translation:
единовременная компенсация
Added to glossary by
Yuliya Panas
Jan 23, 2008 11:54
16 yrs ago
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English term
Commutation
English to Russian
Other
Insurance
Non-life insurance
The finalization of an outstanding liability by payment of an agreed amount in settlement. This process is sometimes used to enable an insurance or reinsurance company to discharge all future obligations in respect of a particular contract or book of business in return for the payment of a settlement amount to the insured or cedant.
Proposed translations
(Russian)
4 +6 | единовременная компенсация | Vladimir Pochinov |
Proposed translations
+6
3 mins
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единовременная компенсация
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