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 ?
3 : to get even with <She wants to pay them back for the insult.
Number awarded: 75 in 2006, varies per year Scholarship money pays for: YAGP awards over $150,000 annually in scholarships to leading dance schools worldwide.
Inside the gated 1940s Encino home they just sold, Pays enthuses not just about the excitement of searching for a new home, but the rituals that come with it -- like browsing the Rose Bowl Flea Market in Pasadena at sunrise for inspiration.
Part D doesn't pay for medications outright--it requires even the poorest patients to "share" the expenses.
Willet also created an insurance trust to hold insurance on Betty's life, presumably so the heirs receiving the estate at her death could use the proceeds to pay estate taxes.
In this view, higher pay is necessary to lure high-quality applicants away from more lucrative alternatives,
Accordingly, he promised that one of his first actions if elected would be to spend $1 billion to increase military pay and upgrade substandard military housing.
These days, CEO pay is mare closely aligned with shareholder interests than ever before.
Aside from loans and financial aid, there are other ways to pay for college.
Each payment made on the loan first pays the stated interest, then pays any OID accrued as of the payment date, then pays principle.
Scholarship Pays For: Academics, choreography, dance, somatics, teaching, travel, dance motion picture performance