Actuarial Note: Fixed and Variable Expenses [Discussion]

This actuarial note under discussion "Fixed and Variable Expenses" has as its closing remark a little philosophy which we are all aware of, but many times it is forgotten. Mr. Lewis Roberts suggests that "... we take pains to be sure that the sense in which the word is used is clear .... " Also, that more descriptive terms be used instead of a general word "... would make for better understanding in many cases." This reviewer is sure that all of us can recall when we have used general undescriptive terms (knowing full well what we meant) but have not been understood by others.