the act of calculating again (usually to eliminate errors or to include additional data); "recalculation yielded a much larger value"

A method of determining an individual retirement account (IRA) holder’s life expectancy for purposes of calculating the required minimum distribution. The holder’s current age is compared to Unisex Tables to determine a life expectancy for each year requiring a distribution.

An adjustment to the dollar amount of an annuity resulting from a change in the previously reported rate, earnings, or service credit.