What Is Commutation?

Commutation is the process of converting an annuity into a lump sum payment. This may be done for a number of reasons, such as if the annuity holder needs access to a large sum of money for a one-time expense. In most cases, commutation will result in the annuity holder receiving a smaller total payout … Read more

What is collective action?

The term collective action is very ambiguous depending on the area in which we find ourselves. Also called social actions, collective actions do not have an exact origin, because for a long time we humans have been in charge of organizing ourselves in groups or small collectives in order to achieve goals common that we … Read more