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English definition of “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 adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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