ACTUARIAL ASSUMPTION
An actuarial assumption is an approximation of an uncertain variable incorporated in a financial model, typically for the calculation of benefits or premiums. For example, a typical actuarial assumption relates to the prediction of a lifespan of a person in regards to the health conditions, gender, age and other factors. Actuaries utilizes large tables of statistical data which connects the uncertain variable to numerous key predictive variables. Provided with the predictive variable values, a sound actuarial assumption can be derived for the uncertain variable.
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Dynasty Trust
Long-term trusts made to pass wealth from one generation to another without paying transfer taxes including estate and gift taxes. The trust can su ...
C&I
Loan made to a business or company, not to an individual, which provides either working capital or finances key capital expenditures. Usually short ...
Hypermarket
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The asset's market value which an investment company handles on behalf of investors. Assets Under Management (AUM) is perceived as a scale of s ...
Business Income Coverage Form
Insurance policy which covers a loss of income a firm incurs due to a slowdown or temporary suspension of its operations because if damage to its p ...
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