Actuary
Actuary
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Actuary Definition (in the Accounting Vocabulary)
The New York State Society of Certified Public Accountants offers the following definition of Actuary in a way that is easy for anybody to understand: Mathematician employed by an insurance company to calculate PREMIUMS, RESERVES, DIVIDENDS, and insurance, PENSION, and ANNUITY rates, using risk factors obtained from experience tables.
Grammar
This term is a noun.
Etimology of Actuary
(You may find actuary at the world legal encyclopedia and the etimology of more terms).
1550s, "registrar, clerk," from Medieval Latin actuarius "copyist, account-keeper, short-hand writer," from Latin actus in the specialized sense "public business" (literally "a doing;" from PIE root *ag- (1) "to drive, draw out or forth, move"). Meaning "person skilled in the calculation of chances and costs," especially as employed by an insurer, is from 1849.
Resources
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Legal English Vocabulary: Actuary in Spanish
Online translation of the English legal term actuary into Spanish: actuario (English to Spanish translation). More about legal dictionary from english to spanish online.
Related to the Legal Thesaurus
Resources
Professional Content and Learning Tools
Lawi offers educational solutions and professional insight, integrating content, tools, and practical technology to promote lifelong learning, personal and professional improvement, and human progress through knowledge. Our collections feature resources and solutions from a wide range of subject areas, from management and finance to law and cybersecurity. This text is only a brief introduction. If you would like us to expand on this content, please let us know in the comments. If you’re finding our platform and publications valuable, share it with a colleague or friend, leave a comment and consider subscribing if you haven’t already (thanks!). There are group discounts, gift options, and referral bonuses available.
See Also
Social Security Financing
Social Insurance
Social Security System