calculated by taking all of an airlineâs operating expenses and dividing it by the total number of. available seat miles produced. Yield â The average amount of revenue received per revenue passenger mile (RPM) or revenue. ton mile (RTM), net of taxes.
Capitation is a payment arrangement for health care service providers such as physicians or nurse practitioners. It pays a physician or group of physicians a set amount for each enrolled person assigned to them, per period of time, whether or not that person seeks care.
Novation is a mechanism where one party transfers all its obligations and rights under a contract to a third party, with the consent of his original counter-party. Novation in practice Let us suppose Michael buys a car from Peter, owing him Â£5,000 as part of the sale price until Peter deals with the MoT.