Facility Of Payment

Facility Of Payment,

Facility Of Payment:

A contractual term that allows insurers to pay insurance benefits of up to 1,000 to one or more insured persons, designated recipients or insured properties under certain conditions. .

Literal Meanings of Facility Of Payment

Facility:

Meanings of Facility:
  1. A location, equipment, or device designed for a specific purpose.

  2. Natural skills, ability to do or learn well and easily.

Sentences of Facility
  1. Kitchen utensils

  2. Speak fluently

Synonyms of Facility

provision, flair, finesse, aptitude, equipment, knack, gift, bent, talent, means, potential, solution, prerequisite, genius, skill, space

Of:

Meanings of Of:
  1. Shows the association between two entities, usually an association.

  2. Express the relationship between a general type or type and the specific items that fall into this category.

  3. After a noun or associated with a verb.

Synonyms of Of

from, of, caused by, done by, in, by, made by, carried out by

Payment:

Meanings of Payment:
  1. The act or process of paying or receiving something or something.

  2. Paid or payable

Sentences of Payment
  1. Apply for a cashback waiver

  2. A $ 2,500 interim settlement

Synonyms of Payment

liquidation, reckoning, instalment, premium, discharge, settlement, remittance, remission, clearance, amount