A(n) ________ Claim Is One That Has Been Received by the Carrier

question 45

Short Answer

A(n) ________ claim is one that has been received by the carrier but cannot be processed due to an error or because additional information is needed.

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Definitions:

Compounded Semi-annually

Interest on an investment is calculated twice a year and added to the principal, allowing the investment to grow faster than if it were compounded annually.

Proposed Payments

Suggested or planned amounts to be paid as part of a financial agreement or loan repayment schedule.

Scheduled Payments

Predetermined payments made over a specified period of time as part of the terms of a loan or mortgage.

Maturity Value

The amount payable to an investor at the maturity date of an investment, including principal and interest.