Advanced English Word of the Day

Definitions

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actuarial
1. adj. Of or pertaining to actuaries.
2. adj. Relating to statistical calculation, especially pertaining to insurance.

Example Sentences

Estimated pension funding and post-retirement benefit payments are based on actuarial estimates using current assumptions for discount rates, expected return on long-term assets, rate of compensation increases and health care cost trend rates.  Pension benefit payments are based on actuarial estimates using current assumptions for discount rates, expected return on long-term assets and rate of compensation increases.

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