Actuarial Method

Business, Legal & Accounting Glossary

Definition: Actuarial Method


Quick Summary of Actuarial Method


Actuarial Method is the process of distributing payments made on a debt between the amount provided as fund and also to the finance charge in accordance to which a payment is used first to the appended finance charge.



What is the dictionary definition of Actuarial Method?

Dictionary Definition


This is a method used in lease accounting to apportion rentals on the basis of compound interest; It’s also used in pensions accounting in order to determine the charge to the profit and loss account.


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Actuarial Method. PayrollHeaven.com. Retrieved December 02, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/actuarial-method/

Definition Sources


Definitions for Actuarial Method are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 3rd December, 2019 | 90 Views.