COMMUTATION (from Lat. commutare, to change)

This article appears in Volume V06, Page 793 of the Encyclopedia Britannica.

Encyclopedia Britannica - Main :: CLI-COM

COMMUTATION (from Lat. commutare, to change) , a

process

PROCESS

of exchanging one thing for another, particularly of one method of

payment

PAYMENT (Fr. paiement, from payer, to pay; Lat. pacare, to appease, pax,
peace
- PEACE
- PEACE,
  BREACH
  - BREACH (Mid. Eng. breche, derived from the common Teutonic root brec, which appears in " break," Ger. brechen, &c.)
  OF THE
)

for another, such as

payment

PAYMENT (Fr. paiement, from payer, to pay; Lat. pacare, to appease, pax,
peace
- PEACE
- PEACE,
  BREACH
  - BREACH (Mid. Eng. breche, derived from the common Teutonic root brec, which appears in " break," Ger. brechen, &c.)
  OF THE
)

money

MONEY

for payment in

kind

KIND (O. E. ge-cynde, from the same
root
- ROOT (late O.E. rot, adopted from Scand., cf. Norw. and Swed. rot, Dan. rod; the true O.E. word was wyrt, plant, represented in Ger. Wurz or Wurzel; the ultimate root is the same in both words, and is seen in Lat. radix)
- ROOT, ELIHU (1845– )
as is seen in " kin," supra)

or by service, or of payment of a lump sum for periodical payments; for various kinds of such substitution see

ANNUITY

year
- YEAR
_.html">ANNUITY (from Lat. annus, a
year
- YEAR
)

;793

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