UK Accounting Glossary
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.
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.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Actuarial Method are sourced/syndicated and enhanced from:
This glossary post was last updated: 29th January 2019.