A slit or narrow opening, as in a door, window, or piece of machinery. Also called hole, slit, vent, or aperture. He slotted a coin into the machine.
A position or place, especially in a group, series, or sequence. The earliest slots were simply reels that spun, with symbols lined up on the paylines for different payouts. When three aligned liberty bells were triggered, they would give the highest payout of all. These machines were later modified by Charles Fey, who replaced the poker symbols with fruit symbols such as diamonds, spades, horseshoes, and hearts, giving them their new name – slots.
Casino managers are often reluctant to increase their slots’ house advantages too much, fearing that players can detect the hidden price increases and choose another casino instead. They also worry that increasing prices can kill the golden goose by causing players to switch to cheaper machines.
Slot medical malpractice insurance coverage is an alternative to traditional tail insurance, where the premiums are based on the number of hours part-time physicians work during a particular time period. It’s a cost-effective option for groups of physicians, and it may be the right choice for you if you have a mix of full-time and part-time physicians in your practice. Contact us to discuss whether slot might be the best solution for your group. We can provide a detailed explanation of how this type of policy works and help you determine if it’s the right fit for your organization.