facility of payment clause

fa·cil·i·ty of pay·ment clause | \ fə-ˈsi-lə-tē- \

Legal Definition of facility of payment clause

: 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 especially by reason of the person's incurring expenses (as funeral expenses) on the insured's behalf

Learn More About facility of payment clause

Dictionary Entries Near facility of payment clause

facilitate

facility of payment clause

fact

Cite this Entry

“Facility of payment clause.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/facility%20of%20payment%20clause. Accessed 12 Aug. 2022.

Style: MLA

MLA