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Match Each Health Insurance Term with Its Definition

question 22

Multiple Choice

Match each health insurance term with its definition.
-Required by Medicare when a service is provided to a beneficiary who is either not covered or the provider is unsure of coverage


Definitions:

Maturity

Maturity indicates the date on which the principal or final payment is due to be paid on a loan, bond, or other financial instrument.

Sinking Fund

A fund that accumulates cash to pay off bonds when they are retired.

Interest Revenue

Income earned from lending money or investments in interest-bearing financial instruments.

Contract Rate

The interest rate stated in a contract, such as a loan or lease agreement.

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