Actuary

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

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

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See Also

• Social Security Financing
• Social Insurance
• Social Security System