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payment clause

См. также в других словарях:

  • facility of payment clause — fa·cil·i·ty of pay·ment clause /fə si lə tē /: a clause in an insurance policy permitting the insurer to pay the death benefit to a relative of the insured or to any other person esp. by reason of the person s incurring expenses (as funeral… …   Law dictionary

  • facility of payment clause — An appointment by the parties to an insurance contract of persons or classes of persons who may receive payment of the benefits or proceeds accruing under the contract, give receipt therefor to the insurer so as to discharge it from liability,… …   Ballentine's law dictionary

  • facility of payment clause — Provision in insurance policy providing for appointment by insured and beneficiary of persons authorized to receive payment. Downey v. Downey, 1 Conn.App. 489, 472 A.2d 1296, 1298. It confers on insurer an option as to whom it will make payment.… …   Black's law dictionary

  • facility of payment clause — Provision in insurance policy providing for appointment by insured and beneficiary of persons authorized to receive payment. Downey v. Downey, 1 Conn.App. 489, 472 A.2d 1296, 1298. It confers on insurer an option as to whom it will make payment.… …   Black's law dictionary

  • clause — [klɔːz ǁ klɒːz] noun [countable] LAW COMMERCE a part of a written law, contract, or legal document that deals with a particular item or subject: • Clause 12 enables the Secretary of State to make orders to protect pension rights. asˈsignment… …   Financial and business terms

  • payment in lieu of notice — (PILON) A contractual right to pay an employee a lump sum rather than require them to work out their statutory or contractual notice period. If there is no PILON clause in a contract of employment then an employer who pays an employee a lump sum… …   Law dictionary

  • facility of payment clause — a provision in an industrial life insurance policy permitting the company to pay the death benefit to a relative of the insured or any other person entitled thereto by reason of his having paid expenses in the insured s behalf …   Useful english dictionary

  • payment — The discharge of an obligation by the delivery and acceptance of money, or of something equivalent to money, which is regarded as such at the time by the person to whom the payment is due. State v Tyler County State Bank (Tex Com App) 277 SW 625 …   Ballentine's law dictionary

  • payment — Synonyms and related words: bait, base pay, bribe, budgeting, carrot, castigation, charge, chastening, chastisement, compensation, condign punishment, contribution, correction, costing, costing out, debit, debiting, deficit spending, deserts,… …   Moby Thesaurus

  • Contract Clause — United States of America This article is part of the series: United States Constitution Original text of the Constitution Preamble Articles of the Constitution I · …   Wikipedia

  • acceleration clause — n: a clause (as in a loan agreement) that accelerates the date of payment in full under specified circumstances (as default by the debtor) Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. acceleration clause …   Law dictionary

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