Costs of the service when payment was made rather than when the service was performed.

Cash paid, draft redeemed or drawn, for settlement of a group insurance claim.

In a medical practice, the amount of actual cash generated and available for use by the medical practice within a given period of time.

Payment to the insured by the insurance company after submission of an insurance claim. The insured may assign these benefits directly to the provider. Payment may or may not fully cover the insured’s total costs for the service.

Life insurance policy that has a dividend option under which the dividends are paid to the policyholder in cash.

Insurance premium paid by the insured and received by the insurance company as distinguished from premium earned.

Bookkeeping system used for industrial insurance in which the agent informs the home office of the amount collected for each policy. The home office updates the policy records by posting these collections and then prepares new route collection records.

Life income option with a refund that specifies proceeds remaining on the death of the beneficiary will be paid in a lump sum to the contingent payee.