CASUALTY ACTUARIAL SOCIETY - CAS
Professional society of actuaries based in Virginia, which renders the Associate of the Casualty Actuarial Society (ACAS) and the Fellow of the Casualty Actuarial Society (FCAS) designations. The society requires all candidates to go through rigorous actual examinations, entailing all areas of actuarial practices including actuarial science, economic, enterprise risk management, finance, insurance, and mathematics. For associateship, one has to pass exams one through seven and attend the CAS Course of Professionalism. For fellowship, an individual has to satisfactorily complete all nine exams.
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Concentration Ratio
Ratio indicating the relative size of companies in respect to their industry in general. Low concentration ratio denotes higher competition among t ...
Back-To-Back Letters Of Credit
Two letters of credit (LCs) utilized together to aid a merchant in financing the buying of services or equipment from a subcontractor. With the aut ...
Stock Market Crash of 1987
Rapid and one of the most severe downturn in stock prices which took place on October 19, 1987. Following five days of intensifying stock market pl ...
Z-Score
“Z-Score” is a statistical measurement showing the relationship of the score to the mean. It can be positive or negative, which means t ...
Premium
The total cost of an option.
The difference between the higher price paid for a fixed-income secur ...
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Featured Investment: Annuity
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