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TeachMeFinance.com - explain prescribed interexchange charge (picc) prescribed interexchange charge (picc) The term 'prescribed interexchange charge (picc)' as it applies to the area of telecommunications can be defined as 'The charge the local exchange company assesses the long distance company when a consumer picks it as his or her long distance carrier'. Previous 5 Terms: Preproduction expenses preputial PRES Prescribed elevation Prescribed Fire Next 5 Terms: Prescription Drug Product Present Movement Present Value Present Weather preservation About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.