Quantity of one thing obtainable or paid in exchange for another.
Tag: RAW
Price adequacy
This ensures that an insurer is charging the adequate price in order to underwrite a risk.
Price controls
Method of cost containment that freezes physician and hospital fees to try to curtail inflation.
Price Quotation/Proforma Invoice
An invoice prepared by the seller in advance of shipment that documents the cost of goods sold, freight, insurance and other related charges. It is often used by the buyer to secure a letter of credit, an import license or a foreign currency allocation.
Price-Anderson Act of 1957
Federal law that requires evidence of financial responsibility for all privately owned nuclear reactors, spent fuel reprocessing plants, and for fuel fabrication plants licensed to process five or more kilograms of plutonium.
Pricer
1. Individual who reviews services, procedures, diagnoses, fee schedules, and other data and establishes the amount for a medical service or supply. Also called repricer. 2. Software package in an insurance claims processing system, specific to certain benefits, which analyzes specific data and determines the amount for a medical service or supply. Subsequently, other criteria are applied to establish the actual allowance or payment amount. It is most often used under prospective payment systems.
Prima Facie
Latin, “on first appearance.” A term frequently encountered in foreign trade. When a steamship company issued a clean bill of lading, it acknowledges that the goods were received “in apparent good order and condition” and this is said by the courts to constitute prima facie evidence of the conditions of the containers; that is, if nothing to the contrary appears, it must be inferred that the cargo was in good condition when received by the carrier.
Prima facie (Legal Terminology)
A term used to describe evidence that is adequate enough to prove a point, unless contradicting evidence is presented.
Prima facie argument
Principle that is presumed to be true unless there is evidence given to disprove the presumption.
Prima facie rate
Standard premium rate recommended by state government regulators for a contributory group creditor insurance policy.