ACTUARIAL EQUIVALENT
\ˌakt͡ʃuːˈe͡əɹɪəl ɪkwˈɪvələnt], \ˌaktʃuːˈeəɹɪəl ɪkwˈɪvələnt], \ˌa_k_tʃ_uː_ˈeə_ɹ_ɪ__ə_l ɪ_k_w_ˈɪ_v_ə_l_ə_n_t]\
Sort: Oldest first
-
In INSURANCE, a statistical measure based on the expectation that a loss will occur, and the benefits that will become payable as a result. By computing this measure, the INSURER can vary the PREMIUM it charges INSUREDS. See also ACTUARIAL PRICING.
By Henry Campbell Black
Word of the day
hydromorphic
- [Greek] Structurally adapted to an aquatic environment, as organs of water plants.