ASSUMPTION

an explicit input that is derived from:

(a) data;

(b) professional judgment; and/or

(c) applicable law.

when derived from data, an assumption may be:

(a) financial;

(b) economic;

(c) mathematical;

(d) scientific in nature; or

(e) statistical.

in laymen’s terms, an assumption is a parameter.

Congratulations! You're now Froogled Up™ on what "Assumption" means!

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

Sincerely,

www.FroogleMe.com

user comments

thank you, come again!
Froogle 1.1.1.7

ASSUMPTION

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