Financial Relationship definition

Financial Relationship. A direct or indirect ownership or investment interest (including and option or non vested interest) in any entity. This direct or indirect interest may be in the form of equity, debt, or other means and includes any indirect ownership or investment interest no matter how many levels removed from a direct interest, or a compensation arrangement with an entity.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Financial Relationship means an ownership or investment interest in an entity furnishing designated health services or a compensation arrangement between a provider or an immediate family member of the provider and the entity. An ownership or investment interest may be reflected in equity, debt, or other instruments.

Financial Relationship means a relationship, understanding or agreement with the College or an Affiliated Entity, whether or not memorialized in writing, that involves or results in payments or benefits to, or is for the benefit of, a Covered Individual.

Examples of Financial Relationship in a sentence

• Provider shall not make inappropriate referrals for designated health services to health care entities with which Provider or a member of Provider’s family has a Financial Relationship, pursuant to federal anti-kickback and physician self-referral laws that prohibit such referrals.

• Details may be found on ▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ (at ▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/node/551), which are incorporated here by reference Supplier Financial Relationship Policy and Guidelines This policy has been established to provide Suppliers with CVS policies and expectations relating to payments, supplier billing standards, returns, disputes, and electronic data interchange (EDI).

• The Joint Provider understands that no employees or owners (including spouses/partners) of ACCME-defined commercial interest can serve on the planning committee or as a presenter and will provide the ISMA with the completed Disclosure of Financial Relationship forms for all planning committee members prior to any activity planning.

• Presenters and Planning Committee Members – The Joint Provider will select and contract with the planning committee members and presenters and will provide the ISMA with the completed Disclosure of Financial Relationship Forms for all planners and presenters by the deadlines required by the ISMA.

• Nature of Relevant Financial Relationship (Include all that apply) Example: Company “X” or name of person(s) other thanyourself controlling content Honorarium Speaker ❑ I do not have any relevant financial relationship with any commercial interests, nor do I have a relationship with anyone who influenced content of this activity.

More Definitions of Financial Relationship

Financial Relationship means a connection or association through a material interest or sources of income which exceed five percent of annual gross income from a business entity.

Financial Relationship has the meaning set forth in 42 U.S.C. § 1395nn and the regulations promulgated thereunder.

Financial Relationship means any formal or informal

Financial Relationship. As defined in 42 C.F.R. § 438.320, a financial relationship is (1) A direct or indirect ownership or investment interest (including an option or nonvested interest) in any entity. This direct or indirect interest may be in the form of equity, debt, or other means, and includes any indirect ownership or investment interest no matter how many levels removed from a direct interest; or (2) A compensation arrangement with an entity.

Financial Relationship means: (i) serving as employee, consultant, contractor or board member, (ii) being entitled to receive income, royalties, or payments, or (iii) having a significant investment or ownership interest.

Financial Relationship means any financial interest or relationship of an Investigator or Employee (or those of an Investigator’s or Employee’s Family Member), whether or not the value is readily ascertainable, that reasonably appears to be related to an Investigator’s or Employee’s responsibilities to the University, as those responsibilities are defined by the Investigator’s or Employee’s department or job description.

Financial Relationship includes a Person's current or previous business or financial relationship with, business or financial interest in, or other business or financial link to, one or more other Persons. The connection between an Individual and: (a) a company of which they are or were a director and/or shareholder; (b) a trust of which they are or were a beneficiary and/or trustee and/or settlor; (c) a partnership of which they are or were a partner; and (d) a bank account number nominated for the Individual’s tax purposes, is included in the definition of a financial relationship.