A Time Draft Must Be Paid Quicker Than a Sight

question 99

True/False

A time draft must be paid quicker than a sight draft.

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Definitions:

Procedure Codes

Standardized numeric or alphanumeric codes used to identify specific health care procedures for billing and documentation.

Services Rendered

The completed work or duties performed by someone, often referring to professional tasks.

Statement

A document or report summarizing transactions, balances, and other financial information for a specified time period.

Payment

The exchange of funds or items for a service or product.