DEFINITION of 'Actuarial Science '. A discipline that assesses financial risks in the insurance and finance fields using mathematical and statistical methods. Actuarial science applies the mathematics of probability and statistics to define, analyze and solve the financial implications of uncertain future events. Traditional actuarial science largely revolves around the analysis of mortality and the production of life tables, and the application of compound interest. Next Up.
The result is a smaller difference between high and low tides and is known as a neap tide. Neap tides are especially weak tides. They occur when the gravitational forces of the Moon and the Sun are perpendicular to one another (with respect to the Earth). Neap tides occur during quarter moons.
Tides are caused by the gravitational pull of the sun and the moon  upon the oceans of the earth. The sun has the greatest pull. The  tides are greatest during a new moon wh â¦ en the sun and the moon are  pulling from the same direction.he gravitational attraction of the moon causes the oceans to bulge out in the direction of the moon. Another bulge occurs on the opposite side, since the Earth is also being pulled toward the moon (and away from the water on the far side). Ocean levels fluctuate daily as the sun, moon and earth interact.