How we behave in a situation where the future is unknown.
Insurance Encyclopedia
Readabililty standards
Required criteria that insurance policies contain basic easy-to-understand English so that the average consumer can comprehend the meaning. A formula is used to determine the level of readability.
Readjustment income (Life Insurance)
Income that is necessary for the family of a deceased who was the primary wage earner. This income allows the surviving family members time to readjust their spending habits to suit their new income level.
Readmission review
Review of patients readmitted to a hospital within 7 days with problems related to the first admission, to determine whether the first discharge was premature and/or the second admission is medically necessary.
Real mother
See: birth mother and biological mother .
Real property
Land, buildings, and other structures (such as a swimming pool or tool shed).
Real time
1. Insurance claim processing that occurs immediately as opposed to batch processing (e.g., electronic claims transmission). 2. Immediate imaging to show movements.
Real-wage differential
Difference between the percentage increases before rounding in the average annual wage in covered employment and the average annual consumer price index (CPI).
Realty
All interests in land other than leasehold interests.
Realty (Legal Terminology)
Also called real property. Property that is not movable, such as land, homes, and other structures.