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English definition of “actuarial”

actuarial

adjective
 
 
/ˌæktʃuˈeəriəl/
relating to calculations of risk for insurance companies and pension funds, especially calculations of the age to which people are expected to live. The companies and funds use the results to make certain that they always have enough money to make payments to the people who have a right to them: Companies currently use actuarial assumptions to determine whether their pension fund shows a surplus or a deficit. an actuarial calculation/assessment/evaluation
relating to the job of being an actuary: The debate is dividing the actuarial profession. an actuarial adviser/consultant an actuarial firm/consultancy actuarial work/advice/skills
(Definition of actuarial from the Cambridge Business English Dictionary © Cambridge University Press)
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