When an Insurance Carrier Makes a Payment to the Patient/insured

question 38

Multiple Choice

When an insurance carrier makes a payment to the patient/insured (or the provider) for a covered expense,it is referred to as:

• A) coverage.
• B) copayment.
• C) deductible(s).
• D) reimbursement.

Identify the various models of crowdfunding and their characteristics.

Recognize the significance of the “3 Fs” in early-stage financing.

Understand the criteria and motivations of various participants in crowdfunding platforms.

Grasp the potential scale of fundraising through crowdfunding and its impact on new ventures.

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Definitions:

Mortgage Holder

An entity or individual who holds the lien on a property; typically, this is the lender in a mortgage agreement.

Mortgage Debt

The amount of money a borrower owes to a lender, secured by real property through a mortgage agreement.

Law of Conveyancing

A body of law pertaining to the transfer of ownership of property rights from one person to another.

Marketable Title

A clear title to real estate that is free from any significant liens or encumbrances, making it readily sellable.