BILLABLE HOURS - professional hours worked and billed to clients. BILLBACK - in e-commerce and credit card transactions, is a means of recovering or reducing interchange... BILLED CLAIMS - The amount a hospital or doctor bills the plan.
The concept of billable hours emerged in the 1950's. Before this, state law strictly limited legal fees, usually paid by the losing side in a legal case.
Billable hours - Normally refers to those hours a professional has worked and then billed to their client.
Billing rates and billable hours per year Explanation of how retainer fees are determined in contract agreements Explanation of how and when consulting fees are earned and billed ...
But before you fall too hard, remember that billable hours are how attorneys make money. You'll want to ask what the costs are for simple functions such as returning your phone calls.
See also: Expense, Bills, Personal finance, Saving, Invoice
 
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