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Define Actuary definition
Actuary: A person skilled in the process of calculating insurance and annuity premiums, dividends, and rates. For example, if you buy life insurance you will typically pay a monthly premium for a certain amount of insurance, based upon general factors such as age, gender, prior medical history, and tobacco use. The person who has determined the market rate per insurance increment is an actuary. Actuaries may be licensed by a national accreditation agency.
Definition of Personal Finance and Debt Consolidation Terms
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