Definition of “actuary” - English Dictionary


“actuary” in English

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actuarynoun [ C ]

uk /ˈæk.tʃu.ə.ri/ us /ˈæk.tʃ

Examples from literature

  • From these figures a firm of Manchester actuaries has drawn the startling conclusion that Bond Street is more used by women than by men. 
  • I asked an eminent actuary the other day to make me some calculations. 
  • This was on the day before the actuaries were to make their investigation. 

(Definition of “actuary” from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

“actuary” in Business English

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actuarynoun [ C ]

uk /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” from the Cambridge Business English Dictionary © Cambridge University Press)