Rating: The process of calculating the appropriate premium to charge purchasers, given the degree of risk represented by the individual or group, the expected costs to deliver medical services, and the expected marketability and competitiveness of the MCO's plan.

 

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Rating: A percentage of total households or population owning tvs who are tuned to a particular program or station at a specific time (e.g., a six rating for women 18-49 means 6 percent of all women . . . View Full Definition

Comparative Rating: A rating method that determines ratings by making comparisons between the individuals being rated.

Operating System (OS): The most important program that runs on a computer. Every general-purpose computer must have an operating system to run other programs. Operating systems perform basic tasks, such as recogni . . . View Full Definition

Security Ratings: Commercial rating agencies' assessment of the credit and investment risk of securities.

Absolute Ratings: A rating method where the rater assigns a specific value on a fixed scale to the behavior or performance of an individual instead of assigning ratings based on comparisons between other individuals.

Bests Rating: A rating A.M. Best Co. assigns to insurance companies based on the company's ability to meet its obligations to its policyholders.

Fire Rating: A rating of the length of time it takes a fire to penetrate a barrier. Designates the ability of a material to contain a fire in a carefully controlled test setting for a specified period of . . . View Full Definition

Home Energy Rating System (HERS): A standardized system for rating the energy efficiency of residential buildings.

Net Operating Income (NOI): The income projected for an income-producing property after deducting losses for vacancy, collection and operating expenses.

Operating Expenses: Those recurring expenses that are essential to the continuous operation and maintenance of a property. Operating expenses are generally divided into the following categories: fixed expenses . . . View Full Definition