The word "actuarial" refers to something related to statistical analysis and calculations used by actuaries, who are professionals that assess and manage financial risks, especially in the insurance industry. Full definition
«Given the use of actuarial tables in determining the loan amount, it's going to be a smaller draw as a result,» she says. (rismedia.com)
Eidson earned a Bachelor of Mathematics from Washington University in St. Louis and a Master of Actuarial Science from Ball State University. (cunamutual.com)
The determination of whether a plan fits into the bronze level of coverage is based on actuarial value, explained here in more detail. (verywell.com)