Health

Life Expectancy
Life expectancy refers to the average age a person is expected to live based on actuarial calculations, which consider several factors including sex, heredity, and health habits. This metric is crucial for insurance companies in projecting benefit payouts and determining rates through actuarial analysis.
Physical Examination
A physical examination involves the direct physical inspection of an object or individual to ensure safety, functionality, or health. It includes structural inspections of objects like bridges and medical examinations of individuals.
Poverty
Poverty is a socio-economic condition where an individual or a group lacks the financial resources and essentials for a minimum standard of living.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.