Health Center Program Terms and Definitions. of (a) the capitalization level established by the organization for the financial statement. purposes or (b) $5,000. Existing Grantee: An organization currently funded under the Health Center Program, authorized under section 330 of the Public Health Service Act, as amended. Federally Qualified Health Center (FQHC): Per Section 1905(l)(2)(B) of the Social. Security Act (42 USC 1396d), a FQHC means an entity which --.
DEFINITION of 'Foreign Draft'. An alternative to foreign currency. A foreign draft is a bank draft which is drawn on a financial institution in the country of currency. They can be purchased at commercial banks and usually have a fee depending on the institution and the type of account you hold.
A reserve currency is a currency that is held in significant amounts by governments and institutions in order to help conduct transactions in the global market. The major reserve currency of the planet right now is the US Dollar, which composes upwards of 60% of all forex reserves.The Euro has grown in prominence over the past decade as a reserve currency, and now makes up nearly 30% of all forex reserves through the world.ommodities such as oil and gold are usually priced in a certain type of currency (US Dollars), meaning that governments need to have large pools of US Dollars (or Euros) in their foreign exchange reserves in order to engage in the buying and selling of these commodities.