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Part of any excess return is set aside to take care of these defaults. Bond call provisions must be ... con- servatism be a guiding principle and that care be exercised in arranging reductions and announcing ...- Authors: Society of Actuaries, J Gordon Beatty, Frank M Redington, Arthur G Weaver, Dennis N Warters, M R Dodson, Richard Humphrys
- Date: Oct 1953
- Competency: External Forces & Industry Knowledge>Actuarial theory in business context; Professional Values>Public interest representation
- Publication Name: Transactions of the SOA
- Topics: Finance & Investments>Capital management - Finance & Investments; Public Policy