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 ?
20(4) included an optional form for a partial release of lien to be used in conjunction with the issuance of progress payments.
Interest on late invoices or progress payments are due automatically and must be included and noted in the government agency's payment.
Sherwin and Redhill agree that the date for payment of the Progress Payment payable by Mutiny shall be extended until 24 August 2011.
The court ruled that Fairchild's research was funded because during the course of the contract Fairchild received progress payments under the contract.
The government said while PMI may not have paid Taber for its three invoices, PMI likely used the illegally obtained progress payment money to pay off old Taber debts.
For more information about Cisco Capital, EasyLease or zero percent progress payments, see www.
Under the agreement, the Company has now earned an additional progress payment of $375,000.
Department of Justice to pay $150 million in settlement of claims arising from UTC's voluntary disclosure in 1988 that its Sikorsky Aircraft Division incorrectly calculated progress payment billings on government contracts.
Since then, GlobeTel has provided Internafta and its banks with a significantly expanded business plan outlining in detail the company's program for equipment manufacturing, delivery, installation, testing, monitoring, staffing, progress payment requirements, and other pertinent information.
0 million research progress payment from sanofi-aventis related to a VEGF Trap clinical development milestone and $82.
4 million progress payment financing facility for four Boeing 767-300ER aircraft, each equipped with GE CF6-80C2B6 engines.
Among these issues is an overhaul and simplification of the progress payment system and the elimination of fixed price development contracts.

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