maximum allowable charge
Also found in: Dictionary, Thesaurus, Legal, Financial, Acronyms, Encyclopedia.
maximum allowable chargeThe maximum that a vendor (e.g., a physician) may charge for a service.
maximum allowable chargeAbbreviation: MAC
In medical care financial management, the maximum reimbursement rate a health plan will allow for the cost of services such as prescribed medicines or professional fees.
See also: charge