Term of the Day

PPO

Preferred Provider Organization. A health care organization composed of physicians, hospitals, or other providers which provides health care servicesat areduced fee. A PPO is similar to an HMO, but care is paid for as it is received instead of in advance in the form of a scheduled fee. PPOs may also offer more flexibility by allowing for visits to out-of-network professionals at a greater
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Usage Example
Customers health insurance expectations are met through a tailored options from preferred provider organization (PPO), point-of-sale (POS), and health maintenance organization (HMO).

Notable Quotable
"If you gave me $100 billion and said take away the soft drink leadership of Coca-Cola in the world, I'd give it back to you and say it can't be done." 
-Warren Buffett
Term of the Day

litigation

Ultimate legal method for settling controversies or disputes between and among persons, organizations, and the State. In litigation process, a case (called suit or lawsuit) is brought before a court of law suitably empowered (having the jurisdiction) to hear the case, by the parties involved (the litigants) for resolution (the judgment).
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Usage Example
The lawyers got ready for the upcoming litigation by preparing their oral arguments and by discussing what an acceptable resolution would be for their clients.