Healthcare Regulations

verb to give official permission or approval for something

• The company's board of directors must authorize any major financial decisions.
• I need to authorize the payment before the end of the day.
• I'll authorize you to go ahead and make the purchase.
• His actions seemed to authorize a new era of progress for the organization.

adjective required by rule or law; obligatory

• Education is compulsory for children up to a certain age in most countries.
• You have to take that class, it's compulsory.
• I can't believe we have to do this compulsory training.
• Breathing is like a compulsory action for living beings.

verb to free or release from something, such as a duty or obligation

adjective not subject to a particular rule or requirement

• Certain individuals are exempt from paying taxes based on their income level.
• If you're a student, you might be exempt from taking certain exams.
• I wish I was exempt from doing chores this weekend.
• His wealth exempted him from the struggles that most people face.

verb to force someone to accept or put up with; to bring about by authority or force

• The government imposed strict regulations on the use of pesticides.
• My parents imposed a curfew on me for the weekend.
• I can't believe my boss imposed overtime on us again.
• The weight of responsibility imposed on her shoulders was immense.

verb past tense of 'require'; to need something or demand something as necessary

adjective necessary or essential

• All applicants are required to submit their resumes along with a cover letter.
• You gotta fill out all the required fields before submitting the form.
• Make sure you do what's needed before the deadline hits.
• In order to succeed, the athlete knew the extra training was required to reach their full potential.

noun a legal or financial benefit that allows certain individuals or organizations to avoid paying taxes on specific income, property, or transactions

• The organization was granted tax exemption status due to its non-profit nature.
• My friend was excited to learn about the tax exemption for first-time homebuyers.
• I heard there's a sweet tax exemption deal for small businesses in the new law.
• His clever accounting tricks gave him a sort of tax exemption from his financial responsibilities.

adjective referring to a person who is below the legal age of consent or majority

• It is illegal to sell alcohol to underage individuals.
• They caught him trying to sneak into the club even though he's underage.
• I can't believe she's dating that guy, he's so underage.
• Her emotional maturity is still underage compared to her peers.

noun GRC stands for Governance, Risk, and Compliance. It is a term used in business to refer to the processes and tools used by organizations to manage and mitigate risks, ensure compliance with regulations, and maintain effective governance.

adjective In some cases, GRC can be used as an adjective to describe something related to governance, risk, or compliance.

• The GRC is responsible for overseeing compliance within the organization.
• I heard the GRC team is cracking down on policy violations.
• The GRC folks are really strict about following the rules.
• The GRC acts as a gatekeeper to ensure everything runs smoothly.

noun Global compliance refers to the practice of ensuring that an organization follows all relevant laws, regulations, and standards in all the countries where it operates.

• Ensuring global compliance with regulations is a top priority for multinational corporations.
• Companies need to follow the rules everywhere to stay out of trouble - that's global compliance.
• You gotta play by the global compliance game if you want to keep the government off your back.
• Global compliance is like a safety net that keeps businesses from falling into legal trouble around the world.