actuarial
ac
ˌæk
āk
tua
ʧuɛ
chooe
rial
ˈriəl
riēl
/ˌækt‍ʃuːˈe‍əɹɪəl/

Definition & Meaning of "actuarial"in English

actuarial
01

relating to the statistical assessment of risk, especially in insurance, finance, or pension planning, based on mathematical models and probability

Examples
The company hired actuarial experts to evaluate its long-term liabilities.
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