Rate Component - Characteristics
Your algorithms and reports may need additional rate component fields that aren't supported in the base-package. If so, you can set up a rate component characteristic for each such field.
Snapshotting characteristics on bill calculation lines. The system will automatically copy a rate component's characteristics onto the resultant bill lines for those characteristic types that are usable on bill lines.
Open and navigate to the Characteristics page to define characteristic values for your rate component.
Description of Page
For each characteristic in the collection, indicate the appropriate Characteristic Type and Characteristic Value.
You can only choose characteristic types defined as permissible on the rate schedule record. Refer to Setting Up Characteristic Types & Their Values for more information.