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English definition of “actuary”

actuary

noun [C]     /ˈæktjuəri/ US   /-eri/ (plural actuaries)
a person whose job is to calculate risk for insurance companies and pension funds , especially 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: Actuaries and auditors have a statutory duty to report anything that exposes the assets of a pension scheme to risk .
(Definition of actuary noun from the Cambridge Business English Dictionary © Cambridge University Press)
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