Policy donated to a charity. The charity can borrow against the policy’s cash value, surrender the policy for the cash value, or convert it from a group to an individual policy. The donor recieves a tax deduction.
Insurance Encyclopedia
Charity allowance
Discounted fee for medical services for indigent or medically indigent patients. See also medically needy (MN).
Charity care
Free or discounted fee for medical services provided to the poor or individuals unable to pay. Because some indigent patients are not eligible for federal or state programs, the costs covered by Medicaid are usually recorded separately from indigent care costs. See also charity allowance; medically needy (MN). Also called indigent care or indigent medical care.
Chart
See: medical record.
Chart note
See: progress note.
Charter
An agreement for the hire of a vessel or aircraft. See CHARTER PARTY.
***
Usually the same as article of incorporation. This is the grant of rights from a State or Central Government such as the right to incorporate and transit business.
Charter Aircraft
Aircraft available for hire under a special contract.
Charter Boat or Ship
Boat or Ship available for hire under a special contract.
Charter of Tramp Ships
Ad Hoc Charter : A one-off charter operated at the necessity of Charterer Demise Charter (Bare Boat Charter) : Here, only the ship without floating personnel, fuel. etc. is chartered on time charter basis. The charter has to equip the ship with floating personnel, fuel and other necessaries and operate the ship. Normally, a ship-owner or prospective ship-owner may prefer this method. Time Charter : The ships chartered for a specific period time. e.g. from 1st January to 21st December. Charterer may employ the ship in voyage according to his requirements. Voyage Charter : Ships are chartered for a specific voyage, etc. Normally traders prefer to go in for voyage charter.Charter Party : The contract between the owner of a ship and the individual or company chartering it. Among other specifications, the contract usually stipulated the exact obligations of the ship-owner (loading the goods, carrying the goods to a certain point, returning to the chartered with other goods, etc.); or it provides for an outright leasing of the vessel to the charterer, who then is responsible for his own loading and delivery. In either case, the charter party sets forth the exact conditions and requirements agreed upon by both sides.
Charter party
Contract between the owner of a vessel and the charterer. The contract covers, inter alia, the charterer’s responsibility for loss/damage to the vessel, duration of the agreement, freight rate and ports involved during the voyage(s).