Error: timeout expired. The timeout period elapsed prior to completion of the operation or server isn't responding

This error is received when committing a Revenue Update Batch with a lot of Recognition Defaults.
Download and install the latest patch, which contains all fixes from previous patches. If you are running an older version, download and install the latest version and then the patch. 

Environment

 3.0.516.34
 4.0.138, patch 2 ; 3.0.516, Service Pack 10

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