Law Dictionary Definitions

actus animi (ak-t<<schwa>>s an-<<schwa>>-mI). [Law Latin] Hist. An act of the mind; an intention. See ANIMUS. “Again, consent, which is essential to all contracts, is an actus animi, and is presumed in all cases where the contract is ex facie regular.” John Trayner, Trayner’s Latin Maxims 21–22 (4th ed. 1894). [Blacks Law 8th]

actus  (ak-t<<schwa>>s),  n.[Latin]  1.  An  act  or  action;  a  thing  done.  2.Hist.  An  act  of Parliament;  esp.,  one  passed  by  both  houses  but  not  yet  approved  by  the  monarch.  Cf. STATUTUM(1).3.Roman law. A servitude for driving cattle or a carriage across another’s land. Cf. ITER(1). — Also termed (in sense 3) JUS ACTUS.. [Blacks Law 8th]

actum  et  tractatum  (ak-t<<schwa>>m  et  trak-tay-t<<schwa>>m).  [Law  Latin]  Hist.  (Of  an instrument) done and transacted. [Blacks Law 8th]

actum (ak-t<<schwa>>m), n.[Latin] A thing done; an act or deed. [Blacks Law 8th]

actuary  (ak-choo-air-ee),  n.  A  statistician  who  determines  the  present  effects  of  future contingent events; esp., one who calculates insurance and pension rates on the basis of empirically based tables. — actuarial (ak-choo-air-ee-<<schwa>>l), adj. [Blacks Law 8th]

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…