ACTUARIAL SCIENCE
A type of discipline that evaluates financial risk in the finance and insurance fields with the use of statistical and mathematical methods. Actuarial science applies the mathematics of statistics and probability for the definition, analysis and solution of financial implications related to uncertain future events. The traditional actuarial science mostly revolves around around the analysis of the production and mortality of life tables, and the compound interest application.
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Liquidity Adjustment Facility
A tool in monetary policy where banks are allowed to borrow money through repurchase agreements, and to respond to liquidity pressures. The governm ...
Data Warehousing
Electronic storage of information in a business or corporation. It should be secure, reliable and easy to retrieve and manage. It originated in 198 ...
One-Tailed Test
A statistical test where the critical area of a circulation is one-sided so that it is either less than or greater than a specific value, but not b ...
Less-than-Truckload
A shipping service that carries small loads of freight, weight between partial and full truckload. The service is being offered by many large and n ...
Original Cost
It simply refers to the total cost associated in buying an asset.
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