GRANTEE Definition

Bookmark and Share

GRANTEE is the person or entity to whom property or assets are transferred.

Learn new Accounting Terms

DIVISION is a self sufficient unit within a company. A division contains all the functions necessary to operate independently from the parent company.

CLAIM, in health care, is an itemized statement of healthcare services and their costs provided by a hospital, physicians office, or other provider facility. Claims are submitted to the insurer or managed care plan by either the plan member or the provider for payment of the costs incurred. In general law, a claim is: 1) to make a demand for money, for property, or for enforcement of a right provided by law. 2) the making of a demand (asserting a claim) for money due, for property, from damages or for enforcement of a right. If such a demand is not honored, it may result in a lawsuit. In order to enforce a right against a government agency (ranging for damages from a negligent bus driver to a shortage in payroll) a claim must be filed first. If rejected or ignored by the government, a lawsuit may be filed.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.