Process of the gradual retirement of an outstanding debt by making periodic payments over a stated period of time.

***

UK: Periodical reduction in the value of a lease or other time-related asset until the asset is written down to nil. In insurance it is the ability to match the cost of cover to the actuarial probability of risk over time. Pension scheme actuaries spread an actuarial surplus or actuarial deficiency over an appropriate period.

***

Writing off part of the value of an asset in a company’s books at intervals until the value of an asset is extinguished.

Fee charged for the medical services rendered to a patient by a provider and submitted or transmitted by the provider on an insurance claim form. When the provider is billing, this total charge is inserted in Block 28 of the CMS-1500 insurance claim form. When the hospital is billing, this total charge is inserted in Field 47 of the UB-04 insurance claim form.

In the Medicare program, the dollar amount of a medical service that has been denied and then appealed by the provider and patient to the insurance carrier for redetermination.

Medicaid parameters defining a state’s benefits. Because each state has different Medicaid plans, these benefits will vary from state to state.