Health / Health Insurance / Funding Vehicle: In a self-funded plan, the account into which the money that an employer and employees would have paid in premiums to an insurer or MCO is deposited until the money is paid out.
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Vehicle Verb Synonyms: conveyance
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Business / Finance / Refunding: Redeeming a bond with proceeds received from issuing lower-cost debt obligations with ranking equal to or superior to the debt to be redeemed. MORE
Business / Finance / Refunding Escrow Deposits (Reds): A financial instrument involving a forward purchase contract that obligates investors to buy bonds at a certain rate when issued. The future date coincides with the first optional call date on an exis MORE
Business / Finance / Private Export Funding Corporation (PEFCO): Company that mobilizes private capital for financing the export of big-ticket items by U.S. firms by purchasing at fixed interest rates the medium- to long-term debt obligations of importers of U.S. p MORE
Business / Finance / Prerefunding: Procedure of floating a second bond at a lower interest rate in order to pay off the first bond at the first call date and to reduce overall borrowing costs. MORE
Business / Finance / Net Advantage Of Refunding: The net present value of the savings from a refunding. MORE
Health / Health Insurance / Plan Funding: The method that an employer or other payor or purchaser uses to pay medical benefit costs and administrative expenses. MORE