FACILITY-OF-PAYMENT CLAUSE

facility-of-payment clause. 1.Insurance. An insurance-policy provision allowing the

appointment of a person to receive payment from the insurer on the beneficiary’s behalf. [Cases:

Insurance 3468.] 2.Trusts. A trust provision that allows anyone who owes money to an

incapacitated trust beneficiary to discharge the debt by paying the money owed to the custodial

trustee.[Blacks Law 8th]