Commutation

It can be tax-free and provides immediate capital for investments or large expenses. 2. Legal: Commutation of Sentence

You get a significant amount of cash upfront but receive a reduced monthly pension for a fixed period (often 15 years). commutation

After the specified period, your pension is usually restored to its full original amount. It can be tax-free and provides immediate capital

Changing a death sentence to life imprisonment or reducing a 20-year sentence to 10 years. commutation