Zero Balance Due definition

Zero Balance Due or “ZBD” means “100% member paid plan” or “zero-balance due” claim is a claim for which the client does not have financial liability and owes no pharmacy reimbursement.
View Source

Examples of Zero Balance Due in a sentence

  • Zero Balance Due Claims are included in the guaranteed average annual AWP discounts as shown in the BPA Addendum; however, the discounts are considered prior to application of Copayments/Deductibles and Coinsurance and not as a one hundred percent (100%) discount, when calculating the overall average discount.

Related to Zero Balance Due

  • Balance Due means the amount of funds sold to AFEX by Client less any Initial Margin already paid.

  • Unpaid Balance of any Receivable means at any time the unpaid principal amount thereof.

  • Cut-Off Date Aggregate Principal Balance The aggregate of the Cut-Off Date Principal Balances of the Mortgage Loans is as set forth in Section 11.03.

  • Loan Group Balance As to each Loan Group, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Loan Group that were Outstanding Mortgage Loans at the time of determination.

  • Class A-3 Final Scheduled Payment Date means the Payment Date occurring in February 2028.