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actuarius  (ak-choo-air-ee-<<schwa>>s  or  ak-tyoo-),  n.[Latin]  Roman  law.  1.  A  notary  or clerk; a shorthand writer. 2. A keeper of public records. [Blacks Law 8th]

actuarial table.An organized chart of statistical data indicating life expectancies for people in various categories (such as age, family history, and chemical exposure). • Actuarial tables are usu. admissible in evidence. — Also termed expectancy table; mortality table; mortuary table. Cf. LIFE TABLE. [Blacks Law 8th]

actuarial  surplus.An  estimate  of  the  amount  by  which  a  pension  plan’s  assets  exceed  its expected current and future liabilities, including the amount expected to be needed to fund future benefit payments. [Cases: Pensions    104. C.J.S. Pensions and Retirement Plans and Benefits §§ 58, 60, 121, 127.] [Blacks Law 8th]

actuarial  present  value.The  amount  of  money  necessary  to  purchase  an  annuity  that  would generate  a  particular  monthly  payment,  or  whatever  periodic  payment the  plan  provides, for  the expected remaining life span of the recipient. [Blacks Law 8th]

actuarial method.A means of determining the amount of interest on a loan by using the loan’s annual  percentage  rate  to  separately  calculate  the  finance  charge  for  each  payment  period,  after crediting  each  payment,  which  is  credited  first to  interest and  then  to  principal.  [Cases:  Interest 59. C.J.S. Interest and Usury; Consumer Credit § 74.] [Blacks Law…

actuarially  sound  retirement  system.A  retirement  plan  that  contains  sufficient  funds  to  pay future obligations, as by receiving contributions from employees and the employer to be invested in accounts to pay future benefits. Cf. NONACTUARIALLY SOUND RETIREMENT SYSTEM. [Cases: Pensions    48. C.J.S. Pensions and Retirement Plans and Benefits §§ 23–25, 27.] [Blacks Law 8th]

actuarial equivalent.The amount of accrued  pension benefits  to be  paid  monthly  or at some other interval so that the total amount of benefits will be paid over the expected remaining lifetime of  the  recipient.  [Cases:  Annuities    6;  Pensions    131.  C.J.S.  Annuities  §§  13–14,  17–20; Pensions and Retirement Plans and Benefits §§ 69, 86.] [Blacks Law 8th]

actual value.See fair market value under VALUE(2).[Blacks Law 8th]

actual total loss.See LOSS.  [Blacks Law 8th]

actual taking.See physical taking under TAKING(2). [Blacks Law 8th]