Medicaid Financial Glossary

What is it? The government program that provides health care assistance for the poor.

Finance Term Definition Added By: Allison

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Other Similar Finance Terms:

Financial Term event of default is An event described in a promissory note, security agreement, or loan agreement that triggers rights of the lender to take remedies set forth in the documents. The most common event of default is the debtors failure to make required interest and/or principal payments to the bank when they are due. Often, the remedy permitted to the bank when an event of default occurs is the right to declare the debt to be due and payable in its entirety. Formal loan agreements frequently include numerous events of default.

Financial Term Net interest is Net of interest paid and interest received

Financial Term Cover Note is A temporary certificate confirming that an insurance policy is in force.

Financial Term econometric models is Systems of mathematical formulas that attempt to represent the interaction of various macroeconomics variables. Some economists use these models to predict the alterations that will result from changes in one or more economic conditions. These models are sometimes used to predict interest rates. Rate forecasts made by econometric models are seldom correct.

Financial Term TRP is See Specific Targeted Research Project