Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Generic Drug

A drug that is exactly the same as a brand named drug and which may be manufactured and marketed after the brand named drug’s patent expires. Generic drugs cost significantly less than brand named drugs and are identical in terms of quality, safety, and dosing.

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Generally Accepted Accounting Principles (GAAP)

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Geographic Differential

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