Actuarial present value.

Actuarial present value. Actuarial present value means the value as of a specified date of an amount or series of amounts due thereafter, where each amount is -
(1) Multiplied by the probability that the condition or conditions on which payment of the amount is contingent will be satisfied; and
(2) Discounted according to an assumed rate of interest to reflect the time value of money.

Source

26 CFR § 1.401(a)(4)-12


Scoping language

None
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