Graduation
Definition of "Graduation"
Statistical procedure applied to the data that comprises a mortality table. It is designed to smooth out the irregularities in that data believed to not be truly indicative of the population from which the sample data has been taken.
Popular Insurance Terms
One of the major underwriting organizations for insurance company pools insuring commercial aircraft liability exposure. ...
Process in life insurance by which an applicant who is uninsurable, or is a greater than average risk, seeks to obtain a policy from a company at a standard premium rate. Life insurance ...
Insurance against interruption of supply of goods and services. If firm A depends on firm B for its supply of goods and services, an interruption caused by damage or destruction to B can ...
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Rate of increase in asset value. ...
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