actuarial table
2
8.2
- noun
- /ˌæktʃuˈɛriəl ˈteɪbəl/
- Specialized
:
tabla actuarial
- Underwriters rely on an actuarial table to understand the likelihood of policyholders making claims.
- look at actuarial table
Examples
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This is much the same as actuarial tables that compute the expected mortality of categories of people based on demographic criteria and personal characteristics such as age.
Academic text (2002) -
I've poured through the actuarial tables.
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"The actuarial tables are incredibly accurate.
Fiction book (1994) -
Come now, you've never read an actuarial table in your life, have you?
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You don't need an actuarial table to tell you that Bill isn't going to be here for that much longer.
Blog text (12) -
The insurance company used an actuarial table to assess the risk of providing coverage to new clients.
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To ensure their retirement savings are adequate, many individuals consult an actuarial table for life expectancy data.
Synonyms
779
2.6
An organized set of information in rows and columns
1
8.3
A table showing how likely people of each age are to die and the average years they have left
A sheet that shows numbers in rows and columns to compare information
How Detailed
Surface Forms
Morphology
The phrase is a straightforward adjective + noun composition: 'actuarial' (pertaining to actuarial methods/actuaries and statistical risk) modifies 'table' (data arranged in rows/columns). Therefore the meaning—a table of statistical probabilities used in insurance and pensions—is directly derivable from the constituents and is transparent to a learner who already knows both words.
Etymology
Actuarial table comes from people called actuaries and the word table for a list of numbers; actuaries make a sheet that shows the chance of events like 'death' or 'illness' at each age. So an actuarial table is a chart insurers and pension plans use to estimate 'risk' and decide payments.