Actuarial Rate Definition:
The discount rate is the amount of predicted future losses. Insurers calculate your insurance rates to understand and prepare for your financial obligations. Since the estimate is based on past losses, it is not entirely accurate.
Literal Meanings of Actuarial Rate
Meanings of Actuarial:
They are involved in compiling and checking statistics to calculate insurance risks and premiums.
Sentences of Actuarial
Meanings of Rate:
Set a pattern or value for a particular scale (object).
Think of it as a particular quality, standard or area.
A measure, quantity or frequency that is usually measured in relation to another quantity or unit of measure.
Pay a fixed price or charge something for something, especially good or service.
Scolding (someone) in anger
Sentences of Rate
This program is considered very successful.
Synonyms of Rate
assess, judge to be, put a value on, amount, adjudge, value, figure, price, fare, charge, think to be, measure, consider to be, tariff, weigh up, estimate, reckon to be, appraise, deem to be, judge, calculate, cost, outlay, hold to be, find to be, hire