Interim bill

{
  "id": "MLC-T-INS-001890",
  "term": "Interim bill",
  "field": "Insurance and risk management",
  "definition": "A partial invoice issued by an insurer or service provider for ongoing services or claims, prior to the final settlement or completion of the policy term. This allows for periodic payments rather than a single large payment at the end of a long service period. Interim bills are frequently used in long-duration projects, large claims, or for policies with adjustable premiums.",
  "url": "https://mlchart.com/terminology/insurance/interim-bill/"
}