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An industrial fabrication process stamps out thin metal pieces, each in the shape of a square with a circular hole in the middle, from a large thin sheet. These pieces are mounted in a large machine. As these pieces heat up during regular machine operation, the diameter of the circular hole will
Fee-For-Service
A payment model where services are unbundled and paid for separately, often used in healthcare.
Reimbursement
The process of paying back or compensating someone for expenses or losses incurred, often used in the context of healthcare and insurance.
Actuarial Insurance
Insurance underwritten and priced through statistical analysis of risk factors, heavily relying on mathematical and statistical methods.
Financial Security
Refers to the state of having stable income or other resources to support a standard of living now and in the foreseeable future.
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