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Completion Bond

See: “Bond, Completion Bond.”
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A bond that guarantees a lending institution or other mortgagee that a building or other construction that they have lent money on will be completed on time so it can used as collateral on the loan.

Complex repair

Physical restoration of damaged tissue when the wound requires more than layered closure as with scar revision, débridement (e.g., traumatic lacerations or avulsions), extensive undermining, stents, or retention sutures. Necessary preparation includes creation of a defect for repairs (e.g., excision of a scar requiring a complex repair) or the débridement of complicated lacerations or avulsions. Other examples are reconstructive surgery; complicated wound closure; skin grafting; intricate, unusual, and time-consuming methods to get maximum function and cosmetic results; and creation of a defect by extending excisions.

Compliance

1. To satisfy federal mandates under the Health Insurance Portability and Accountability Act (HIPAA) by ensuring the physician or facility provides and bills for services according to the laws, regulations, and guidelines that govern it. 2. Degree to which a patient follows a treatment program directed by a physician or health care provider.
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UK: The process of following agreed or regulated procedures such as those laid down by the FSA concerning authorisations, regulated activities, conduct of business, etc. At Lloyd’s, the managing and members’ agents must comply with the requirements imposed upon them by Lloyd’s and supervised by the FSA (www.fsa.gov.uk).

Compliance audit

1. An audit instigated by the IR to ensure that the pension scheme has complied with IR requirements. 2. An audit to ensure that an authorised party has complied with FSA requirements under powers granted under FSMA.

Compliance audits

Formal, methodical examination or review done to ensure compliance with all laws, HIPAA regulations, and guidelines. This is accomplished by inspecting, analyzing, and scrutinizing the way something is being done (e.g., bookkeeping practices, medical record documentation, insurance claim filing, diagnostic and procedural code selection).