actuarial tables

actuarial tables
Statistical tables that predict the likely ages that people will reach; used for such purposes as calculating the value of annuities or damages stemming from premature deaths; also called life tables

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

actuarial tables
Standardized life expectancy tables based on various human conditions such as age, sex, and health. Actuarial tables are widely accepted in courts as evidence of life expectancy.
Category: Accidents & Injuries
Category: Personal Finance & Retirement → Life Insurance
Category: Small Claims Court & Lawsuits

Nolo’s Plain-English Law Dictionary. . 2009.

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  • actuarial tables — /ˌæktʃuˌeəriəl teɪb(ə)lz/ noun lists showing how long people of certain ages are likely to live, used to calculate life assurance premiums and annuities …   Dictionary of banking and finance

  • actuarial — actuary ac‧tu‧a‧ry [ˈæktʆuəri ǁ tʆueri] noun actuaries PLURALFORM [countable] INSURANCE JOBS someone whose job is to calculate risks, in order to advise insurance companies or pension fund S …   Financial and business terms

  • actuarial — ac•tu•ar•i•al [[t]ˌæk tʃuˈɛər i əl[/t]] adj. 1) bus of or pertaining to actuaries 2) bus computed by actuaries: actuarial tables[/ex] • Etymology: 1865–70 ac tu•ar′i•al•ly, adv …   From formal English to slang

  • Actuarial science — are professionals who are qualified in this field through examinations and experience. Actuarial science includes a number of interrelating subjects, including probability and statistics, finance, and economics. Historically, actuarial science… …   Wikipedia

  • Actuarial notation — 1. net single premium of insurance (benefit 1 unit) 2. paid at the moment of death 3. for x year old person, for n years 4. life insurance 5. deferred (m year) 6. with double force of interestActuarial notation is a shorthand method to allow… …   Wikipedia

  • Actuarial Life Table — A table or spreadsheet that shows the probability of a person at a certain age dying before his or her next birthday. These statistics calculate the remaining life expectancy for people at different ages and the probability of surviving a… …   Investment dictionary

  • Actuarial Society of South Africa — The Actuarial Society of South Africa, or ASSA, is the governing body for the actuarial profession in South Africa. Fellowship to the Society is gained through exams written through other recognised actuarial organisations, mostly the Institute… …   Wikipedia

  • Actuarial Assumption — An actuarial assumption is an estimate of an uncertain variable input into a financial model, normally for the purposes of calculating premiums or benefits. For example, a common actuarial assumption relates to predicting a person s lifespan,… …   Investment dictionary

  • Actuarial Science — A discipline that assesses financial risks in the insurance and finance fields using mathematical and statistical methods. Actuarial science applies the mathematics of probability and statistics to define, analyze and solve the financial… …   Investment dictionary

  • actuarial table — /aektyuweriyal teybal/ A form of organized statistical data which indicates the life expectancy of a person and which is admissible in evidence through an expert witness. Leave v. Boston Elevated Railway, 306 Mass. 391, 397, 28 N.E.2d 483. Such… …   Black's law dictionary

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