ACTUARIAL SCIENCE Definition

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.

Learn new Accounting Terms

CIA, in accounting, is an acronym for Certified Internal Auditor; or, Cash in Advance.

IOU is an informal debt instrument in the form of a written promise to pay back money owed; e.g., personal loans and professional services.

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