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Indemnity Plan: A type of health benefits plan under which the covered person pays 100% of all covered charges up to an annual deductible. The health benefits plan then pays a percentage of covered charges . . . View Full Definition

Indemnity Health Plan: Indemnity health insurance plans are also called 'fee-for-service.' These are the types of plans that primarily existed before the rise of HMOs, IPAs, and PPOs. With indemnity plans, the ind . . . View Full Definition

Managed Indemnity Plans: Health insurance plans that are administered like traditional indemnity plans but which include managed care 'overlays' such as precertification and other utilization review techniques.

Indemnity Insurance: An indemnity insurance policy pays up to a fixed amount when you make a claim, often on a per day basis. The premiums on health insurance indemnity plans may be lower than on other heathcare . . . View Full Definition

Planned Financing Program: Budgeted or projected ways need for reasons or to obtain short-term and long-term financing as outlined in the corporate financial plan.

Planned Capital Expenditure Program: Budgeted or projected outlays for major expenditures on permanent or fixed assets as outlined in the corporate financial plan.

Planned Unit Development (PUD): A relatively modern concept in housing designed to produce a high density of dwellings and maximum use of open spaces. This efficient use of land allows greater flexibility for residential l . . . View Full Definition

Plant Hardiness Zones: The USDA has divided North America into 11 hardiness zones based on average annual minimum temperatures. Horticulturalists and nurseries rate plants by their hardiness: the hardiness zone ma . . . View Full Definition

Planned Amortization Class (PAC): (1) The class of CMO that has the most stable cash flows and the lowest prepayment risk of any class of CMO Because of a stable cash flow, it is considered the least risky CMO (2) A CMO bond . . . View Full Definition

Planning Horizon: The length of time a model or investor or plan projects into the future.