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wex definitions

actual authority

Actual authority is an agent's power to act on behalf of a principal because such power was expressly or impliedly conferred. Express actual authority is when a principal directly tells the agent that they have the authority to take certain action.

actuarial tables

Actuarial tables (also called life expectancy tables, mortality tables, and life tables) are statistical tools used by companies, scientists, courts, and government agencies to predict the life expectancy of a person by their age, gender, and other factors. The tables most often give life expectancy based by year and gender. For example, the life expectancy for women may be 9.9 years at age 75, 9.5 at age 76, etc.

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