ACTUARIAL METHOD Definition

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ACTUARIAL METHOD means the method of allocating payments made on a debt between the amount financed and the finance or other charges where the payment is applied first to the accumulated finance or other charges and any remainder is subtracted from, or any deficiency is added to the unpaid balance of the amount financed.

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FUND is a pool of money normally set apart for a purpose, for example, a pension fund to provide pensions.

DEBT MANAGEMENT RATIO examine the degree to which a firm uses debt financing or financial leverages.

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