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PAYMENT COMMUTATION [4 records]

Record 1 2021-01-25

English

Subject field(s)
  • Taxation Law
  • Annuities (Insurance)
  • Pensions and Annuities
CONT

A commutation payment is a fixed or single lump-sum payment from [an] annuity that is equal to the current value of all or part of [the] future annuity payments from the plan.

Key term(s)
  • payment of commutation

French

Domaine(s)
  • Droit fiscal
  • Rentes (Assurances)
  • Pensions et rentes
CONT

Un paiement de conversion est un paiement d'un montant convenu ou [d'un] montant forfaitaire unique de la rente [qui] équivaut à la valeur actuelle de la totalité ou d'une partie [des] paiements de rente futurs selon le régime.

Spanish

Campo(s) temático(s)
  • Derecho fiscal
  • Anualidades (Seguros)
  • Pensiones y rentas
CONT

Una conmutación puede ser definida como un acuerdo por medio del cual el reasegurador y la cedente se liberan mutuamente de obligaciones y responsabilidades pasadas, presentes y futuras bajo el contrato del reaseguro a cambio de un pago como contraprestación.

Save record 1

Record 2 2021-01-25

English

Subject field(s)
  • Taxation Law
  • Annuities (Insurance)
CONT

Commutation can provide a larger sum of money to a beneficiary who needs it now.... For the insurer, a commutation can help bring about a clean break in the relationship between the insurance company and the insured... Often, a disabled individual will convert their workers’ compensation periodic payment claim for life into a single lump-sum payment.

French

Domaine(s)
  • Droit fiscal
  • Rentes (Assurances)
OBS

Selon certains auteurs, le terme «commutation» est un faux ami dans ce contexte. Toutefois, le terme «commutation» est utilisé dans certaines lois et par certains spécialistes.

Spanish

Campo(s) temático(s)
  • Derecho fiscal
  • Anualidades (Seguros)
CONT

Una conmutación puede ser definida como un acuerdo por medio del cual el reasegurador y la cedente se liberan mutuamente de obligaciones y responsabilidades pasadas, presentes y futuras bajo el contrato del reaseguro a cambio de un pago como contraprestación.

Save record 2

Record 3 2021-01-18

English

Subject field(s)
  • Taxation Law
  • Annuities (Insurance)
  • Pensions and Annuities
CONT

The RSP [Retirement Savings Plan] cannot provide for the payment of any benefit after maturity except... commutation of annuity that would be payable to someone other than the annuitant.

Key term(s)
  • commutation of annuity

French

Domaine(s)
  • Droit fiscal
  • Rentes (Assurances)
  • Pensions et rentes
OBS

Selon certains auteurs, le terme «commutation» est un faux ami dans ce contexte. Toutefois, le terme «commutation» est utilisé dans certaines lois et par les spécialistes.

Spanish

Campo(s) temático(s)
  • Derecho fiscal
  • Anualidades (Seguros)
  • Pensiones y rentas
Save record 3

Record 4 1986-09-10

English

Subject field(s)
  • Finance

French

Domaine(s)
  • Finances

Spanish

Save record 4

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