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.
Definitions: 1  A pardon is an executive order granting clemency for a past conviction, the sentence of which has already been completed. 2  A commutation is the mitigation of the sentence of someone currently serving a sentence for a crime pursuant to a conviction, without vacating the conviction itself.