ASOP 4 | §2.20 | PERIODIC COST

The amount assigned to a period using a cost allocation procedure for purposes other than funding. This may be a function of pension obligations, normal cost, expenses, or assets. In many situations, periodic cost is determined for accounting purposes.

Congratulations! You're now Froogled Up™ on Section 2.20 from ASOP 4!

Feel free to use it throughout your financial/insurance life.

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