| Academic Medical Center |
A group of related institutions including a teaching hospital or hospitals, a medical school and its affiliated faculty practice plan, and other health professional schools. (PPRC, 1997) |
| Access |
Potential and actual entry of a population into the healthcare delivery system. |
| Accessibility |
As required by the Americans with Disabilities Act, removal of barriers that would hinder a person with a disability from entering, functioning, and working within a facility. Required restructuring of the facility cannot cause undue hardship for the employer. |
| Bail Bond |
A document guaranteeing the appearance of a defendant in court as required and recording the pledge of money or property to be paid to the court if he or she does not appear, which is signed by the person to be released and anyone else acting in his or her behalf. |
| Bail Bondsman |
A person, usually licensed, whose business it is to effect release on bail for people charged with offenses and held in custody, by pledging to pay a sum of money if the defendant fails to appear in court as required. |
| Bail Exoneration |
When you get your bail back. Or when a bail bondsman or insurance ("surety") company isnt responsible for your bail anymore. |
| Curable Defect |
A deficiency in a property that is easy or inexpensive to fix, such as chipping paint. |
| Curb Appeal |
The first impression of a house as seen from the street. |
| Curtain Wall |
An exterior wall that encloses a yard or other area but does not provide any structural support to a home. |
| Dower |
The legal right or interest, recognized in some states, that a wife acquires in the property her husband held or acquired during their marriage. During the husband's lifetime the right is only a possibility of an interest; upon his death it can become an interest in land. |
| Down Drain |
A drain pipe or similar conduit to allow water to flow from the rain gutter at the edge of the roof to the ground. |
| Down Payment |
The part of the purchase price of a property that the buyer pays in cash and does not finance with a mortgage. |
| Et3 |
The ET3 (previously IT3) is the standard form on which the employer’s (the respondent’s) response or defence to the claimant’s ET1 is written. |
| Evidence In Chief |
The oral or written evidence usually given by a party in the form of a typed witness statement not including the questions that they are asked when by the other party or their representative in cross-examination. |
| Examination In Chief |
Asking questions of your own witness. |
| Federal Funds Rate |
The interest rate the Federal Reserve charges its member banks on uncollateralized loans. |
| Federal Home Loan Mortgage Corporation, Law |
The Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac. The company buys mortgages from lending institutions, pools them with other loans and then sells shares to investors. |
| Federal Home Loan Bank System (fhlb) |
Regulates the nation's savings and loan associations, much like the Federal Reserve governs the commercial banking industry |
| Gag-clause |
A provision in a provider contract with a managed care organization or insurer that prevents providers from discussing all available treatment options or financial incentives provided by the insurer with patients. |
| Gainsharing |
A common description of a compensation agreement between hospitals and physicians. Under the current system of payments for Medicare, this has been deemed illegal by the OIG and DHSS. New Jersey is in discussions with CMS to pilot a program of gainsharing to improve length of stay and other factors to improve Medicare delivery and savings. |
| Gaming |
Gaining advantage by using improper means to evade the letter or intent of a rule or system. (PPRC, 1996) |
| Homeowner Instructions |
Instructions given to a property owner by a listing broker that advise the owner of cleaning and repairs that will improve the appearance and increase the value of a listed property. |
| Homeowner's Insurance |
An insurance policy that combines personal liability insurance and hazard insurance coverage for a dwelling and its contents. |
| Homeowner's Warranty |
A type of insurance often purchased by homebuyers that will cover repairs to certain items, such as heating or air conditioning, should they break down within the coverage period. The buyer often requests the seller to pay for this coverage as a condition of the sale, but either party can pay. |
| Initial Interest Rate |
The original interest rate on an adjustable mortgage. |
| Initial Investment |
The outlay of cash needed to acquire an investment. |
| Initial Rate |
The inital rate charged to a borrower for the first adjustment period of an adjustable rate mortgage. |
| Job Displacement |
Occurs when an employee’s position is eliminated. |
| Job Enlarging |
A method used to keep workers motivated, the process involves adding new tasks which are of the same level of skill and responsibility to a job. |
| Jon Enrichment |
The practice of adding tasks to a job as a means of increasing the amount of employee control or responsibility. |
| Key Results Areas |
Used to establish standards and objectives, key result areas are the chief tasks of a job identified during the job evaluation process. |
| Knowledge Assets |
The parts of an organization’s intangible assets that relate specifically to knowledge, expertise, information,ideas, best practices, intellectual property and other capabilities. |
| Knowledge Based Pay |
A salary differentiation system that bases compensation on an individual’s education, experience, knowledge,skills or specialized training. Also referred to as skillbased pay. |
| Labor Force |
Labor Force describes all civilians who are at least 16 years old and not in the military and employed or looking for work. The labor market is a group within the labor force whose members could fill a particular job. |
| Labor Market |
To be considered part of the labor market for a GS-5 clerical position, for instance, an individual must meet all minimum job-related requirements for that grade and classification. For most jobs, employers can find enough applicants in the local labor market. For jobs that have high minimum qualifications, employers may need to tap the national labor market to find enough applicants. |
| Laissez Faire |
a French term meaning to let alone. This refers that the government should not get involved with the peoples’ lives. |
| Marginal Credit Customers |
Lenders who generally pay debt, but have some late/slow payment patterns. |
| Marginal Rate |
The incremental rate or return realized by making just one change, adding a single additional unit, or deleting a single unit. For example, if one more new loan is added to an existing portfolio, and the yield on that loan is 10%, the marginal yield for the portfolio is 10%. Not the same as the average. |
| Marginal Return |
The incremental rate or return realized by making just one change, adding a single additional unit, or deleting a single unit. For example, if one more new loan is added to an existing portfolio, and the yield on that loan is 10%, the marginal yield for the portfolio is 10%. Not the same as the average. |
| National Center For Health Services Research |
A division within the U.S. Department of Health and Human Services that supports analyses and evaluations of the health care system and its financing and underwrites the development and testing of new approaches to improve the distribution, use and cost-effectiveness of services. |
| National Center For Health Statistics |
A division within the U.S. Department of Health and Human Services that is responsible for gathering data on illness and disability, producing the vital statistics of the nation and tracking the use and availability of health services and resources. |
| National Claim History (nch) |
A HCFA data reporting system that combines both Part A and Part B claims in a common file. |
| Overpopulation |
When an area's population has exceeded its carrying capacity. When an area is overpopulated, the level of resource consumption necessary to maintain the population will affect the capacity of the area to support future populations. |
| Overseas Parole |
authorized at an USCIS District or suboffice while the alien is still overseas; designed to constitute long-term admission to the United States. In recent years, most of the aliens USCIS has processed through overseas parole have arrived under special legislation or international migration agreements. |
| Overstay |
An “Overstay” occurs when a visitor stays longer than permitted as shown on his/her Arrival/Departure (I-94) card. A violation of the CBP defined length of admission may make you ineligible for a visa in the future. |
| Proprietary Lease |
A lease given by the corporation, which owns a cooperative apartment building to the shareholder for the shareholder's right as a tenant to an individual apartment. |
| Proration |
Agreed-upon percentages of certain expenses associated with a piece of property that must be paid by the buyer or the seller at the time of closing |
| Prospecting |
Locating owners of properties who are interested in selling, or buyers who are interested in purchasing property. |
| Qatap |
Acronym for Quality Assurance Through Attributes Program |
| Qualified Vendor/responsible Vendor |
A vendor determined by a buying organization to meet minimum set standards of business competence, reputation, financial ability and product quality for placement on the vendor list. |
| Qualified Products List (qpl) |
A list of products that, because of the length of time required for test and evaluation, are tested in advance of procurement to determine which suppliers comply with the specification requirements. Also referred to as an "approved brands list." |
| Revenue (cms) |
The recognition of income earned and the use of appropriated capital from the rendering of services in the current period. |
| Revenue Codes (cms) |
Payment codes for services or items in FL 42 of the UB-92 found in Medicare and/or NUBC (National Uniform Billing Committee) manuals (42X, 43X, etc.) |
| Revenue Share |
The proportion of a practice's total revenue devoted to a particular type of expense. For example, the practice expense revenue share is that proportion of revenue used to pay for practice expense. (PPRC, 1996) |
| Survey And Utilization Reviews (surs) |
Medicaid unit that reviews claims and utilization to ensure that Medicaid funds are being used appropriately. |
| Suspension Of Payments (cms) |
The withholding of payment by an FI or carrier from a provider or supplier of an approved Medicare payment amount before a determination of the amount of the overpayment exists. |
| Sustainable Growth Rate |
The target rate of expenditure growth set by the Sustainable Growth Rate system. Similar to the performance standard under the Volume Performance Standard system, except that the target depends on growth of gross domestic product instead of historical trends. See Sustainable Growth Rate System, Volume Performance Standard System, Performance Standard. (PPRC, 1996) |
| Tax Rate |
The tax rate for each taxing body is computed separately. To arrive at a tax rate, the total monies needed for the coming fiscal year are divided by the total assessments of all real estate located within the taxing body's jurisdiction. |
| Tax Reform Act Of 1986 (tra 86) |
Sweeping revisions to the income tax laws, enacted by the United State Congress in 1986, that lowered tax rates and eliminated many tax shelters. |
| Taxpayer Relief Act Of 1997 (tra 97) |
Enacted by the United State Congress and effective May 7, 1997, TRA '97 provides for broader exemption from capital gains taxes on the profits on the sale of a personal residence. Replaces the old provision for a "one-time" exemption of $125,000 for sellers over age 55. |
| Uncompensated Care |
Care for which the provider is not compensated. Generally, uncompensated care includes charity care and bad debts (uncollectible charges to patients who have the ability to pay). |
| Undergraduate Medical Education |
The medical training provided to students in medical or osteopathy school. |
| Underinsured |
People with public or private insurance policies that do not cover all necessary medical services, resulting in out-of-pocket expenses that exceed their ability to pay. |
| Volatile Organic Compounds (vocs) |
Compounds that evaporate easily at room tempurature and often have a sharp smell. They can come from many products, such as office equipment, adhesives, carpeting, upholstery, paints, solvents, and cleaning products. Some VOCs can cause cancer in certain situations, especially when they are concentrated indoors. VOCs also create ozone, a harmful outdoor air pollutant. |
| Voucher |
A contractor’s billing document. |
| Vocational Education |
Also known as Vocational Education and Training (VET), this is a form of education where students study in specialized fields that are non-academic. Vocational education is often called either trade school or technical education. Vocational schools usually include topics such as HVAC, auto mechanics, and motorcycle mechanics. |
| Wellhead |
The area immediately surrounding the top of a well, or the top of the well casing. |
| Wellhead Protection Area |
A protected surface and subsurface zone surrounding a well or well field that supplies a public water system and through which contaminants could likely reach well water. |
| Wildlife Refuge |
An area designated for the protection of wild animals, within which hunting and fishing are either prohibited or strictly controlled. |
| X12n/tg2/wg1 |
The Health Care Eligibility Work Group (WG1) of the Health Care Task Group (TG2) of the Insurance Subcommittee (N) of X12. This group maintains the X12 270 Health Care Eligibility & Benefit Inquiry and the X12 271 Health Care Eligibility & Benefit Response transactions, and is also responsible for maintaining the IHCEBI and IHCEBR transactions. |
| X12n/tg2/wg10 |
The Health Care Services Review Work Group (WG10) of the Health Care Task Group (TG2) of the Insurance Subcommittee (N) of X12. This group maintains the X12 278 Referral Certification and Authorization transaction. |
| X12n/tg2/wg12 |
The Interactive Health Care Claims Work Group (WG12) of the Health Care Task Group (TG2) of the Insurance Subcommittee (N) of X12. This group maintains the IHCLME Interactive Claims transaction. |
| Yield To Call (ytc) |
The annual percentage yield of a security calculated using the yield-to-maturity formula but with the assumption that the security is called on the first call date or on the first par call date. |
| Yield To Maturity (ytm) |
concepts used to determine the rate of return an investor will receive if a long–term, interest–bearing investment such as a bond, is held to its maturity date. It takes into account purchase price, redemption value, time to maturity, coupon yield and the time between interest payments. Recognizing time value of money, it is the discount rate at which the present value of all future payments would equal the present price of the bond (also referred to as "internal rate of return"). It is implicitly assumed that coupons are reinvested at the YTM rate. YTM can be approximated using a bond value table (also referred to as a "bond yield table") or can be determined using a programmable calculator equipped for bond mathematics calculations. |
| Ytm |
An acronym for Yield to Maturity |
| Zero Coupon Bonds |
A single-payment bond that grows to its face value over a prescribed time period at a specific interest rate. All compound interest is tax-deferred until the bond is cashed. |
| Zero-lot Lines |
Houses built without space between them and with little or no yard. |
| Zoning |
local laws established to control the uses of land within a particular area. Zoning laws are used to separate residential land from areas of non-residential use, such as industry or businesses. Zoning ordinances include many provisions governing such things as type of structure, setbacks, lot size, and uses of a building. |
