actuarial method


actuarial method
A method used in lease accounting to apportion rentals on the basis of compound interest; it is also used in accounting for pensions to determine the charge to the profit and loss account

Accounting dictionary. 2014.

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  • actuarial method — A method used in lease accounting to apportion rentals on the basis of compound interest; it is also used in accounting for pensions to determine the charge to the profit and loss account …   Big dictionary of business and management

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