Fee-For-Service (FFS) Payment System: A system in which the insurer will either reimburse the group member or pay the provider directly for each covered medical expense after the expense has been incurred.

 

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Fee-For-Service (FFS) Payment System: A system in which the insurer will either reimburse the group member or pay the provider directly for each covered medical expense after the expense has been incurred.

Parasympathetic System: The subdivision of the autonomic nervous system that reverses the effects of the sympathetic nervous system. Part of the autonomic nervous system that controls heartbeat, respiration and oth . . . View Full Definition

Parasympathetic Nervous System: Branch of the autonomic nervous system that slows the heart rate.

Organ Systems: Groups of organs that perform related functions.

Payment Cap: A Payment Cap is the maximum amount for a payment under an Adjustable Mortgage Loan, regardless of the increase in the interest rate. If the payment is less than the interest alone, negative . . . View Full Definition

Payment Date: The date on which shareholders of record will be sent a check for the declared dividend.

Payment Quantity: The quantity of production eligible for production flexibility contract payments under the FAIR Act of 1996. Payment quantity is calculated as the farm’s program yield (per acre) multiplied . . . View Full Definition

Payment Limitation: The maximum annual amount of commodity program benefits a person can receive by law. Persons are defined under payment limitation regulations, established by USDA, to be individuals, members . . . View Full Definition

Payment Float: Company-written checks that have not yet cleared.

Optional Payment Bond: A bond whose principal and/or interest may be paid in foreign or domestic currency at the discretion of the bondholder.