ACTUARIAL SCIENCE Definition

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ACTUARIAL SCIENCE applies mathematical and statistical methods to finance and insurance, particularly to the assessment of risk. Actuaries are professionals who are qualified in this field.

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REGISTERED BONDS are bonds for which the names and addresses of the bondholders are kept on file by the issuing company.

BEST BID is the highest quoted bid of all competing Market Makers to buy a particular stock at any given time.

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