Business Dictionary :
Actual, Actuary and Actuarial





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Actual : adjective : real or correct

• What is the actual cost of one unit?

• The actual figures for directors' expenses are not shown to the shareholders.



Actual : Plural noun : real figures

• These figures are the actuals for 1984.



Actuary : noun : person employed by an insurance company to calculate premiums


Actuarial : adjective : calculated by an actuary

• The premiums are worked out according to actuarial calculations.



Actuarial Tables = lists showing how long people of certain ages are likely to live used to calculate life assurance premiums

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