Definition – Page 35 – itho's internet resources

Actuarial Science: What Is Actuarial Science? Definition and Examples of Application

By Itho October 18, 2008

[ad_1] What Is Actuarial Science? Actuarial science is a discipline that assesses financial risks in the insurance and finance fields, using mathematical and statistical methods. Actuarial science applies the mathematics of probability…

Auditor’s Opinion: Definition, How It Works, Types

By Itho October 11, 2008

[ad_1] What Is an Auditor's Opinion? An auditor's opinion is a certification that accompanies financial statements. It is based on an audit of the procedures and records used to produce…

Account Statement: Definition, Uses, and Examples

By Itho October 11, 2008

[ad_1] What Is an Account Statement? An account statement is a periodic summary of account activity with a beginning date and an ending date. The most commonly known are checking…

Annual Return: What Is Annual Return? Definition and Example Calculation

By Itho October 11, 2008

[ad_1] What Is an Annual Return? The annual return is the return that an investment provides over a period of time, expressed as a time-weighted annual percentage. Sources of returns…

Accrue: Definition, How It Works, and 2 Main Types of Accruals

By Itho September 30, 2008

[ad_1] What Is Accrue? To accrue means to accumulate over time—most commonly used when referring to the interest, income, or expenses of an individual or business. Interest in a savings…

Adjustable Life Insurance: Definition, Pros & Cons, Vs. Universal

By Itho September 24, 2008

[ad_1] What Is Adjustable Life Insurance? Adjustable life insurance is a hybrid of term life and whole life insurance that allows policyholders the option to adjust policy features, including the…