actuarial tables
1actuarial tables — n. Statistical tables that predict the likely ages that people will reach; used for such purposes as calculating the value of annuities or damages stemming from premature deaths; also called life tables The Essential Law Dictionary. Sphinx… …
2actuarial tables — /ˌæktʃuˌeəriəl teɪb(ə)lz/ noun lists showing how long people of certain ages are likely to live, used to calculate life assurance premiums and annuities …
3actuarial — actuary ac‧tu‧a‧ry [ˈæktʆuəri ǁ tʆueri] noun actuaries PLURALFORM [countable] INSURANCE JOBS someone whose job is to calculate risks, in order to advise insurance companies or pension fund S …
4actuarial — ac•tu•ar•i•al [[t]ˌæk tʃuˈɛər i əl[/t]] adj. 1) bus of or pertaining to actuaries 2) bus computed by actuaries: actuarial tables[/ex] • Etymology: 1865–70 ac tu•ar′i•al•ly, adv …
5Actuarial science — are professionals who are qualified in this field through examinations and experience. Actuarial science includes a number of interrelating subjects, including probability and statistics, finance, and economics. Historically, actuarial science… …
6Actuarial notation — 1. net single premium of insurance (benefit 1 unit) 2. paid at the moment of death 3. for x year old person, for n years 4. life insurance 5. deferred (m year) 6. with double force of interestActuarial notation is a shorthand method to allow… …
7Actuarial Life Table — A table or spreadsheet that shows the probability of a person at a certain age dying before his or her next birthday. These statistics calculate the remaining life expectancy for people at different ages and the probability of surviving a… …
8Actuarial Society of South Africa — The Actuarial Society of South Africa, or ASSA, is the governing body for the actuarial profession in South Africa. Fellowship to the Society is gained through exams written through other recognised actuarial organisations, mostly the Institute… …
9Actuarial Assumption — An actuarial assumption is an estimate of an uncertain variable input into a financial model, normally for the purposes of calculating premiums or benefits. For example, a common actuarial assumption relates to predicting a person s lifespan,… …
10Actuarial Science — A discipline that assesses financial risks in the insurance and finance fields using mathematical and statistical methods. Actuarial science applies the mathematics of probability and statistics to define, analyze and solve the financial… …
