actuarial equivalent

Definition

The condition in which two or more payment streams have the same present value based on the appropriate actuarial assumptions.

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You should try to make sure that you do everything you are supposed to when you have agreed to an actuarial equivalent.

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Before my boss agreed to allow us to invest in the municipal bond fund, he insisted that we review to determine if the investment was the actuarial equivalent of the corporate bonds we had previously held.

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Actuarial equivalent Actuarial equivalent refers to a position where two or more future cash payments have the same current value based on the appropriate estimate made for the purposes of calculating benefits.

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actuarial assumption actuary