EDWARD VS PANINYA (Eng Sub) [Fullmetal Alchemist Brotherhood] - Duration: 3:10. Arash Afkhami 624,010 views
DEFINITION of 'Commuted Value'. The present value of the future series of cash flows required to fulfill a pension obligation. Commuted value is therefore the net present value of a future financial obligation. This value can be computed mathematically assuming a given rate of interest.
4.1 Commutation of Pension means payment of lump sum amount in lieu of a portion of pension surrendered voluntarily by the pensioner based on a duration of period in relation to the age.