Finance:Commuted cash value
From HandWiki
Commuted cash value refers to the present value of an annuity after annuitization. This differs from typical cash value; if a commuted cash value is stipulated in an annuity contract, this allows the owner of the annuity to cash the contract in, even after annuitization.[1]
References
- ↑ "19.25.30 Annuities". Health Care Programs Manual. Minnesota Department of Human Services. 2006-12-01. http://hcopub.dhs.state.mn.us/hcpmstd/19_25_30.htm. Retrieved 2008-05-05.
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