Health / Health Insurance / Closed Formulary: The provision that only those drugs on a preferred list will be covered by a PBM or MCO.
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Health / Health Insurance / Closed-Panel HMO: An HMO whose physicians are either HMO employees or belong to a group of physicians that contract with the HMO. MORE
Business / Real Estate / Disclosed Dual Agency: Real estate licensing laws may permit dual agency only if the buyer and seller are informed and consent to the brokers representation of both in the same transaction. Although the possibility of confl MORE
Health / Dentistry / Formulary: A list of preferred, commonly prescribed prescription drugs. These drugs are chosen by a team of doctors and pharmacists because of their clinical superiority, safety, ease of use and cost. Also refer MORE
Business / Finance / Closed-End Mortgage: An investment company that has only a set number of shares of the mutual fund that it manages, and does not create new shares if demand increases. Antithesis of an open-end management company. MORE
Business / Finance / Closed-End Management Company: An investment company that sells shareslike any other corporation and usually does not redeem its shares. A publicly traded fund sold on stock exchanges or over the counter that may trade above or bel MORE
Entertainment / Tennis / Closed Stance: Hitting the ball with the body facing between parallel to the baseline and backturned to the opponent; a classic technique. MORE