Business / Agriculture / Generic Certificates: Commodity certificates used by the CCC in the 1980s to meet payment obligations and simultaneously dispose of commodity inventories.
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Health / Health Insurance / Generic Substitution: The dispensing of a drug that is the generic equivalent of a drug listed on a pharmacy benefit management plan's formulary. In most cases, generic substitution can be performed without physician appro MORE
Health / Dentistry / Generic Drug: A prescription drug that has the same active-ingredient formula as a brand-name drug. A generic drug is known only by its formula name and its formula is available to any pharmaceutical company. Gener MORE
Business / Agriculture / Grading Certificates: A formal document setting forth the quality of a commodity as determined by authorized inspectors or graders. MORE
Business / Finance / Guaranteed Mortgage Certificates (GMC): A pure investment product in which a life company agrees, for a single premium, to pay at a maturity date the principal amount of a predetermined annual crediting (interest) rate over the life of the MORE
Business / Finance / Participation Certificates (PC): Used in the context of general equities. Investments representing an interest in a pool of funds or in other instruments, such as foreign securities, that allow participation in the rise or fall of a MORE
Business / Real Estate / Participation Certificates: Certificates issued by Freddie Mac backed by pools of mortgages. MORE