Copayment Is a Specified Amount That Health Insurance Organization Must

question 54

True/False

Copayment is a specified amount that health insurance organization must pay for a specified service or procedure (e.g., $20 for an office visit).

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Definitions:

Debt-to-equity Ratio

This financial indicator reveals the relative amounts of debt and equity used by a company to support its asset base.

Issuing Bonds

The process by which a company or government borrows money from investors by selling bonds, a form of long-term debt where the issuer promises to pay back the principal along with interest.

Stock

An equity instrument representing ownership interest in a company, entitling the holder to a claim on the company's assets and earnings.

Bond Indenture

A legal contract between a bond issuer and bondholders specifying the terms of the bond, such as the maturity date, rate of interest, and collateral, if any.