reimbursment
Reimbursement or other compensation paid by a person or organization that wasn't directly involved in the event that gave rise to the payment (i.e., a 'third party'). For example, you undergo medical treatment. Your insurance company (the third party) reimburses your medical provider.
Reimbursement or other compensation paid by a person or organization that wasn't directly involved in the event that gave rise to the payment (i.e., a 'third party'). For example, you undergo medical treatment. Your insurance company (the third party) reimburses your medical provider.
An idemnity clause in health insurance means that a sum is paid by a party to another party by way of compensation for a particular loss suffered by the party receiving payment.
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A customer is a person or party who receives a service or product in exchange for a payment of some sort. Customers may also be referred to as clients, buyers, or purchasers.
A payment is the transfer of wealth from one party (such as a person or company) to another. A payer is the party making a payment. The payee is the party receiving the payment.
The term "second party payer" typically refers to an entity that pays for services or goods in a transaction where the first party is the service provider or seller, and the third party is the consumer or buyer. In the context of healthcare, for example, the second party payer could be an insurance company that pays for medical services on behalf of a patient (the third party) to the healthcare provider (the first party). The second party can also refer to any intermediary involved in the payment process.
An organization other than the patient, first party or health care provider, second party, involved in the financing of personal health services (insurance company).
The debtor is the party responsible for payment obligation on an account.
Transfer of your card details and details of a transaction via a secure connection to an online payment provider (either the merchant will have an in-house system or they will use a 3rd party gateway) who will then arrange the transaction between your card company and the merchant's bank.
An annuity settlement is a financial or insurance arrangement where the insured party receives periodic payments from the accused. The accused may then transfer their periodic payment responsibilities to an organized settlement organization.
If this question pertains to the medical field. The first party is the patient. The second party is the care provider. The third party would be the company that pays the care provider.