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39 relations: Abraham de Moivre, Actuarial present value, Actuarial science, Annuity, Antoine Deparcieux, Baby boomers, Carl Friedrich Gauss, Certificate of life, Christiaan Huygens, Defined benefit pension plan, Edmond Halley, God Created the Integers, Hôtel-Dieu de Paris, Individual retirement account, Insurance, Investment management, Johan de Witt, Lawsuit, Life estate, Life table, Longevity, Longevity insurance, Mathematical finance, Mathematician, Mutual fund, Nicolaus I Bernoulli, Pension, Pierre-Simon Laplace, Privatization, Probability, Social Security (United States), Social Security Trust Fund, Stephen Hawking, Stochastic process, Structured settlement, Tax, U.S. Securities and Exchange Commission, Ulpian, Valuation (finance).
Abraham de Moivre
Abraham de Moivre (26 May 166727 November 1754) was a French mathematician known for de Moivre's formula, a formula that links complex numbers and trigonometry, and for his work on the normal distribution and probability theory.
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Actuarial present value
The actuarial present value (APV) is the expected value of the present value of a contingent cash flow stream (i.e. a series of payments which may or may not be made).
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Actuarial science
Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, finance and other industries and professions.
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Annuity
An annuity is a series of payments made at equal intervals.
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Antoine Deparcieux
Antoine Deparcieux (28 October 17032 September 1768) was a French mathematician.
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Baby boomers
Baby Boomers (also known as Boomers) are the demographic cohort following the Silent Generation and preceding Generation X. There are varying timelines defining the start and the end of this cohort; demographers and researchers typically use birth years starting from the early- to mid-1940s and ending anywhere from 1960 to 1964.
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Carl Friedrich Gauss
Johann Carl Friedrich Gauss (Gauß; Carolus Fridericus Gauss; 30 April 177723 February 1855) was a German mathematician and physicist who made significant contributions to many fields, including algebra, analysis, astronomy, differential geometry, electrostatics, geodesy, geophysics, magnetic fields, matrix theory, mechanics, number theory, optics and statistics.
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Certificate of life
A Certificate of Life (also called a Certificate of Existence, Letter of Existence, Life Certificate, Proof of Life) is a certificate produced by a trusted entity to confirm that an individual was alive at the time of its creation.
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Christiaan Huygens
Christiaan Huygens (Hugenius; 14 April 1629 – 8 July 1695) was a Dutch physicist, mathematician, astronomer and inventor, who is widely regarded as one of the greatest scientists of all time and a major figure in the scientific revolution.
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Defined benefit pension plan
A defined benefit pension plan is a type of pension plan in which an employer/sponsor promises a specified pension payment, lump-sum (or combination thereof) on retirement that is predetermined by a formula based on the employee's earnings history, tenure of service and age, rather than depending directly on individual investment returns.
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Edmond Halley
Edmond (or Edmund) Halley, FRS (–) was an English astronomer, geophysicist, mathematician, meteorologist, and physicist.
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God Created the Integers
God Created the Integers: The Mathematical Breakthroughs That Changed History is an anthology, edited by Stephen Hawking, of "excerpts from thirty-one of the most important works in the history of mathematics." The title of the book is a reference to a quotation attributed to mathematician Leopold Kronecker, who once wrote that "God made the integers; all else is the work of man.".
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Hôtel-Dieu de Paris
The Hôtel-Dieu de Paris founded by Saint Landry in 651 AD is the oldest hospital in the city of Paris, France, and is the most central of the Assistance publique - hôpitaux de Paris (AP-HP) hospitals.
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Individual retirement account
An individual retirement account (IRA) is a form of "individual retirement plan", provided by many financial institutions, that provides tax advantages for retirement savings in the United States.
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Insurance
Insurance is a means of protection from financial loss.
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Investment management
Investment management is the professional asset management of various securities (shares, bonds and other securities) and other assets (e.g., real estate) in order to meet specified investment goals for the benefit of the investors.
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Johan de Witt
Johan de Witt or Jan de Witt, heer van Zuid- en Noord-Linschoten, Snelrewaard, Hekendorp and IJsselveere (24 September 1625 – 20 August 1672) was a key figure in Dutch politics in the mid-17th century, when its flourishing sea trade in a period of globalisation made the United Provinces a leading European power during the Dutch Golden Age.
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Lawsuit
A lawsuit (or suit in law) is "a vernacular term for a suit, action, or cause instituted or depending between two private persons in the courts of law." A lawsuit is any proceeding by a party or parties against another in a court of law.
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Life estate
In common law and statutory law, a life estate is the ownership of land for the duration of a person's life.
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Life table
In actuarial science and demography, a life table (also called a mortality table or actuarial table) is a table which shows, for each age, what the probability is that a person of that age will die before his or her next birthday ("probability of death").
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Longevity
The word "longevity" is sometimes used as a synonym for "life expectancy" in demography.
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Longevity insurance
Longevity insurance, insuring longevity, also known as a longevity annuity or deferred income annuity, is an annuity contract designed to provide to the policyholder payments for life starting at a pre-established future age, e.g., 85, and purchased many years before reaching that age.
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Mathematical finance
Mathematical finance, also known as quantitative finance, is a field of applied mathematics, concerned with mathematical modeling of financial markets.
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Mathematician
A mathematician is someone who uses an extensive knowledge of mathematics in his or her work, typically to solve mathematical problems.
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Mutual fund
A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities.
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Nicolaus I Bernoulli
Nicolaus Bernoulli (born 21 October 1687 in Basel, died 29 November 1759 in Basel; also spelled Nicolas or Nikolas), was a Swiss mathematician and was one of the many prominent mathematicians in the Bernoulli family.
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Pension
A pension is a fund into which a sum of money is added during an employee's employment years, and from which payments are drawn to support the person's retirement from work in the form of periodic payments.
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Pierre-Simon Laplace
Pierre-Simon, marquis de Laplace (23 March 1749 – 5 March 1827) was a French scholar whose work was important to the development of mathematics, statistics, physics and astronomy.
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Privatization
Privatization (also spelled privatisation) is the purchase of all outstanding shares of a publicly traded company by private investors, or the sale of a state-owned enterprise to private investors.
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Probability
Probability is the measure of the likelihood that an event will occur.
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Social Security (United States)
In the United States, Social Security is the commonly used term for the federal Old-Age, Survivors, and Disability Insurance (OASDI) program and is administered by the Social Security Administration.
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Social Security Trust Fund
The Federal Old-Age and Survivors Insurance Trust Fund and Federal Disability Insurance Trust Fund (collectively, the Social Security Trust Fund or Trust Funds) are trust funds that provide for payment of Social Security (Old-Age, Survivors, and Disability Insurance; OASDI) benefits administered by the United States Social Security Administration.
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Stephen Hawking
Stephen William Hawking (8 January 1942 – 14 March 2018) was an English theoretical physicist, cosmologist, and author, who was director of research at the Centre for Theoretical Cosmology at the University of Cambridge at the time of his death.
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Stochastic process
--> In probability theory and related fields, a stochastic or random process is a mathematical object usually defined as a collection of random variables.
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Structured settlement
A structured settlement is a negotiated financial or insurance arrangement through which a claimant agrees to resolve a personal injury tort claim by receiving part or all of a settlement in the form of periodic payments on an agreed schedule, rather than as a lump sum.
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Tax
A tax (from the Latin taxo) is a mandatory financial charge or some other type of levy imposed upon a taxpayer (an individual or other legal entity) by a governmental organization in order to fund various public expenditures.
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U.S. Securities and Exchange Commission
The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government.
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Ulpian
Ulpian (Gnaeus Domitius Annius Ulpianus; c. 170223) was a prominent Roman jurist of Tyrian ancestry.
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Valuation (finance)
In finance, valuation is the process of determining the present value (PV) of an asset.
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References
[1] https://en.wikipedia.org/wiki/Life_annuity
