A fixed flat dollar amount (for example, $10 or $15) that you pay toward a covered healthcare service, usually when you receive the service.
A fixed flat dollar amount (for example, $10 or $15) that you pay toward a covered healthcare service, usually when you receive the service.
The amount of cash due to an insured who surrenders Cash Value Life Insurance. Such surrender, with consequent termination of all insurance benefits, is sometimes called “cashing out” or “cashing in” a policy. See also Non-forfeiture Values.