What’s the Modified Rankin Scale?

The Modified Rankin Scale (MRS) evaluates stroke patients’ disability levels with scores ranging from zero to six. Low scores indicate high functioning, while high scores indicate severe disability or death. The rubric is used for follow-up, prognostic predictions, and clinical trials. The Modified Rankin Scale (MRS) is a rubric used to evaluate stroke patients. It […]

What’s a modified endowment contract?

Modified endowment contracts are life insurance policies where premiums exceed guidelines, resulting in rapid cash value growth. Prior to 1988, policyholders accessed tax-free policy loans, but the law was amended to tax distributions for anything other than death benefits. Cash value can be withdrawn or contracted at a prime rate of interest, but fees make […]

What’s a modified track?

A modified track in financial contracts allows for a flexible exchange date if it falls on a non-banking day, making it easier to create contracts. This feature is commonly used in trade-related contracts involving money or other financial instruments. It is usually implicit but may be stated to avoid confusion. Convenience is the main reason […]

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