Funding Vehicle: In a self-funded plan, the account into which the money that an employer and employees would have paid in premiums to an insurer or MCO is deposited until the money is paid out.

 

Related Words

Funding Vehicle: In a self-funded plan, the account into which the money that an employer and employees would have paid in premiums to an insurer or MCO is deposited until the money is paid out.

Private Export Funding Corporation (PEFCO): Company that mobilizes private capital for financing the export of big-ticket items by U.S. firms by purchasing at fixed interest rates the medium- to long-term debt obligations of importers . . . View Full Definition

Refunding: Redeeming a bond with proceeds received from issuing lower-cost debt obligations with ranking equal to or superior to the debt to be redeemed.

Prerefunding: Prerefunding may occur when a corporation plans to redeem a callable bond before its maturity date. If that's the case, the bond is identified as a prerefunded bond. To prerefund, the issuer . . . View Full Definition

Net Advantage Of Refunding: The net present value of the savings from a refunding.

Plan Funding: The method that an employer or other payor or purchaser uses to pay medical benefit costs and administrative expenses.

Refunding Escrow Deposits (Reds): A financial instrument involving a forward purchase contract that obligates investors to buy bonds at a certain rate when issued. The future date coincides with the first optional call date . . . View Full Definition

Resolution Funding Corporation (Refcorp): A government agency established by Congress in 1989 to issue bailout bonds and raise funds for the activities of the Resolution Trust Corporation, as well as to administer struggling institu . . . View Full Definition

Vehicle: The liquid portion of paint composed mainly of solvents, resins or oils.

Vehicle Identification Number (VIN): VIN stands for Vehicle Identification Number. It's much the same as the VIN used to identify a car. Each manufacturer seems to have a different coding system for the VIN placed on their bike . . . View Full Definition