What is the definition of Unfunded actuarial liability? | Dictionary.net

UNFUNDED ACTUARIAL LIABILITY

\ʌnfˈʌndɪd ˌakt͡ʃuːˈe͡əɹɪəl lˌa͡ɪəbˈɪlɪti], \ʌnfˈʌndɪd ˌakt‍ʃuːˈe‍əɹɪəl lˌa‍ɪəbˈɪlɪti], \ʌ_n_f_ˈʌ_n_d_ɪ_d ˌa_k_tʃ_uː_ˈeə_ɹ_ɪ__ə_l l_ˌaɪ_ə_b_ˈɪ_l_ɪ_t_i]\

Definitions of UNFUNDED ACTUARIAL LIABILITY

1910 - Black's Law Dictionary (2nd edition)

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An excess of actuarial accrued liability that is greater than the actuarial value of fund assets.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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