payment

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payment

 [pa´ment]
remuneration in exchange for goods or services.
prospective payment payment to a health care facility at a predetermined rate for treatment regardless of the cost of care for a specific individual patient.
third party payment payment of hospital or other health care bills by a source other than the patient; the most common sources are private or governmental insurance. Called also third party reimbursement.

payment

Vox populi A wad of cash given for a service rendered or product received. See Bonus payment, Bundled payment, Pass-through payment, Prospective payment.

payment,

n the performance of a duty or promise; the discharge of a debt or liability by the delivery of money or something else of value.
payment, progress,
n the interim payments by the purchaser of a dental plan contract to the carrier for use as an operating fund. A final accounting is always completed when actual costs are paid.
References in periodicals archive ?
A client's purchase payments turn into a guaranteed income stream during retirement to help them weather market fluctuations and longevity risk - the risk of living longer than expected in retirement.
Riders/Endorsements: LU10998 Annual Point to Point with Low Water Mark, LU10999 Annual Point to Point with Monthly Averaging, LU11000 Monthly Cap Crediting Strategy, LU11001 Purchase Payment Bonus Endorsement, LU11003 Guaranteed Lifetime Withdrawal Benefit Rider, LU11005 Waiver of Charges, LU11021 WOC for LTC or Hospital, LU11022 WOC for Terminal Illness, LU11023 WOC for Unemployment, LU11024 ADL Waiver of Charges.
The Benefit Base is the greater of eligible purchase payments, or the highest anniversary value (less purchase payments that are not considered "eligible") during the period in which anniversary values are being considered, each adjusted for withdrawals in excess of the feature's maximums (known as "excess withdrawals").
FutureSaver II also offers features such as the ability to make additional purchase payments after issue, an Optional Money Back Guarantee, and special liquidity options in the event of a terminal illness or confinement to a long-term care facility.
10% will be added to the interest rate if the initial purchase payment at the time of application is equal to or greater than $100,000.
The LWG rider allows customers to withdraw up to 5% of their purchase payments for as long as they live, beginning as early as age 59 1/2.
LifeAsset I requires a minimum purchase payment of $10,000 and provides a death benefit (dependent on age, gender, risk class and amount of purchase payment), as well as accelerated and accidental death benefit features at no additional charge.
The One Investor Annuity features a low initial purchase payment of $2,000 and allocation of assets in stock, bond and money market portfolios.
This immediate annuity feature works as a safety net by allowing annuity owners to surrender their annuity and receive a portion of their purchase payment back.
Contract awarded for Busan Sinpyeong Apartments electrical construction materials blowers purchase payment takes 1 tool
Customers can make a single initial purchase payment with a minimum or $10,0.