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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

actuary  

Definition 1.

A specialist in the mathematics of risk, especially as it relates to insurance calculations such as premiums, reserves, dividends, and insurance and annuity rates. They work for insurance companies to evaluate applications based on risk.
 

Definition 2.

A professional statistician working for an insurance company. They evaluate your application and medical records to project how long you will live.
 
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