Electronic Claims Are Submitted Via the Internet

question 31

True/False

Electronic claims are submitted via the internet.

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Definitions:

Preferred Stock

A class of stock that offers certain advantages over common stock, typically including fixed dividend payments and priority over common stock in asset liquidation.

Rate of Return

The advancement or decline in an investment’s worth over a stipulated period, framed as a percentage of the original investment amount.

Par Value

The face value of a bond or a stock as stated by the issuing company, which does not necessarily match the market value.

Annual Dividend

The total amount of dividends a shareholder receives per share within a year.