Use of internal and/or external hardware (e.g., pins, rods, plates, wires) to keep a bone in place; also referred to as instrumentation .
Insurance Encyclopedia
Fixed amount option
Settlement option in a life insurance policy wherein the insurance company uses policy proceeds plus interest to pay the beneficiary either annually or semiannually until the proceeds plus interest are all gone. Also called fixed payment option .
Fixed capital assets
Net worth of hospital or other health facilities and other resources.
Fixed commission
Reinsurance commission payable at an unchanging rate with no adjustment for profit or performance on the treaty.
Fixed costs
Expenses that do not change with fluctuations in number of members or use of medical services in a managed care plan.
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UK:REFERENCES: See: STANDING CHARGES.
Fixed debt
An amount deducted from a sum payable on death if death occurs within a specified term. If the life insured survives the policy term the full sum insured is payable. The fixed debt has largely been superseded by the diminishing debt. See DEBT 1.
Fixed objects
Harbours piers, wharves, buoys and similar fixed objects with which a ship may collide. The shipowner’s resultant collision liability is insured by Protection and Indemnity Clubs.
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In Marine Hull Liability insurance a distinction is drawn between “collision” with vessels and contact with “fixed objects” such as piers, wharves and fastened buoys, the latter not being covered by collision clauses.
fixed payment option
See: fixed amount option .
fixed period option
Settlement option in a life insurance policy wherein the insurance company uses policy proceeds plus interest to pay the beneficiary either annually or semiannually for a specific period of time.
Fixed Premium
A premium fixed at the outset and not subject to adjustment during the year or other period of insurance.