Rate Spread: The difference between the highest and lowest rates that a health plan charges small groups. The NAIC Small Group Model Act limits a plan's allowable rate spread to 2 to 1.

 

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Rate Spread: The difference between the highest and lowest rates that a health plan charges small groups. The NAIC Small Group Model Act limits a plan's allowable rate spread to 2 to 1.

Polyunsaturated Fat: A fat in which there are two or more links in the chain of carbon atoms that can be opened to accept hydrogen atoms.

Portfolio Internal Rate Of Return: The rate of return computed by first determining the cash flows for all the bonds in the portfolio and then finding the interest rate that will make the present value of the cash flows equal . . . View Full Definition

Point-Spread Function: the kernel in the superposition integral (convolution product) that expresses the effect of a linear optical system in the formation of an image of an object. Point spread function and trans . . . View Full Definition

Portfolio Turnover Rate: For an investment company, an annualized rate found by dividing the lesser of purchases and sales by the average of portfolio assets.

Plowback Rate: Related: Retention rate

Piece Rate: A per-piece rate system that pays employees based on the number of pieces produced.

Pre-Tax Rate Of Return: Gain on a security before taxes.

Prime Rate Fund: A mutual fund that buys portions of corporate loans from banks and pays the interest to shareholders.

Principal Exchange-Rated-Linked Securities (PERLS): A debt instrument with its principal and interest denominated in U.S. dollars, but with principal repayment depending on the exchange rate of the U.S. dollar against a foreign currency.