Claims Payable definition
Examples of Claims Payable in a sentence
Definition: Ratio of Cash to Claims Payable = Cash and Short-Term Investments divided by claims Payable (reported and unreported).
RATIO OF CASH TO CLAIMS PAYABLE Definition: Ratio of Cash to Claims Payable = Cash and Short-Term Investments divided by claims Payable (reported and unreported).
Claims Payable & Discharge Claim for loss of life in respect of the Insured Person is payable to the nominee(s) elected by the Insured Person under Indonesian Law and if there is no nominee, to the legal beneficiary as stipulated under the Probate or Letters of Administration or for foreigners, any equivalent document in accordance with the Insured Person’s country’s laws.
PHE shall reimburse the Plan by wire transfer or other means as is mutually agreeable for each Eligible Claim within two days of receiving an Electronic Claims Payable Report (which shall mean a report, in computer compatible format, which contains reasonably sufficient detail from which eligibility, and amounts charged, covered and payable with respect to the claims for Covered Persons may be determined).
A.2.3 If the claim is received after the end of the financial year but before the books have been officially closed, the expenditure shall be dealt with in the previous year and the following transactions apply: Journal with accounting month ’03 (Financial year 2001/02): Debit – Expenditure Credit – Claims Payable (previous financial year) Note: Expenditure must be recorded in the same financial year in which it has been incurred by the Department of Public Works.