Commuted definition
Examples of Commuted in a sentence
If such designated individual or entity does not survive the Beneficiary, the Commuted Value of any remaining payments under this option shall be paid in one single sum to the Beneficiary’s estate.
To calculate the Commuted Value for fixed dollar payments, We will use an interest rate We determine at Our discretion.
To calculate the Commuted Value for variable annuity payments, We will use the AIR elected by You and the Annuity Unit Value(s) on the date We receive a fully completed request for surrender.
Commuted values, if applicable, or any comparable approximation agreed to between the Company and the Reinsurer, may be used to determine the net amount at risk.
To qualify for a Commuted Value Pension payment, the Teacher shall provide a written resignation letter for the purpose of retirement, by November 30 to be effective December 31, and by April 30 if the Teacher intends to retire effective June 30.
The costs relative to the administration of the process of consignation and occupation of Numbering Resources of the Concessionaire described in the Regulation of Numbering of Commuted Fixed Telephone Service will be under its responsibility as per the terms of the rules of the administration of the Numbering Resources defined by Anatel.
It is included in the object of the present grant the Service of Commuted Fixed Telephone, provided in public regimen, in bordering and limiting areas, in compliance with the regulation issued by Anatel, as per disposition contained in the General Plan of Grants.
Commuted Value - The present value of the remaining guaranteed annuity payments.
The Concessionaire commits itself to abide by the Numbering Regulation of the Commuted Fixed Telephone Service, assuring to the subscriber of the service the portability of access codes as per the terms of the regulation.
The amount available to You is the Commuted Value, less any applicable contingent deferred sales charge.