2024 Payor clause meaning

Payor clause meaning

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August undefined, 2024

Splet09. apr. 2024 · noun. ( Accounting: Commerce) A payor is a person who makes a payment . Where tax advice is given in a divorce settlement and one spouse pays the fees for the … SpletThe meaning of PAYOR is a person who pays; specifically : the person by whom a note or bill has been or should be paid. a person who pays; specifically : the person by whom a note or bill has been or should be paid…

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SpletA hold harmless clause is also called a release of liability, a waiver of liability, a save harmless clause, or a hold harmless letter or release. These agreements are usually seen in leases, contracts, and easements, in an attempt to protect either one party or both. No matter what problems arise, the party protected by the clause may not be sued. Splet13. mar. 2024 · Clawback is a provision under which money that’s already been paid out must be returned to the employer or the firm. This is a special contractual clause, used … pinners ft worth

Payor Benefit Riders Explained - What Is a Payor Benefit Rider?

SpletPayor Benefit Rider A rider may be added to the policy of a juvenile stating that if the payor (the one paying the premium) dies or becomes totally disabled prior to the juvenile s … Splet27. maj 2024 · The terms payor and payer are both nouns that refer to someone who pays a bill or is the responsible party for some type of financial obligation. While the words have the same meaning, payor is a less common variant. Though it’s acceptable to use the two versions interchangeably, most individuals and entities use the more common payer … Splet13. mar. 2024 · If there is a designated co-payor, that individual can continue to pay the premiums or if the owner was not also the payor, they can then designate a new payor or … pinners croft coventry

Insurance Conditions: What Are They? - The Balance

Payor Definition & Meaning - Merriam-Webster

Splet09. sep. 2024 · What is a payor? In a financial transaction, the person paying money in exchange for an item, product, or service is known as the payor. Payors may also be called payers, and they are obligated... Splet01. avg. 2024 · Key Takeaways. Insurance conditions are requirements that need to be met for the coverage to be valid. They may address issues like how notice of a claim should be given and what the insured party should do in the event of a loss. Conditions are typically listed in a specific section of your policy. Review policy conditions carefully, as not ... pinner shared ownershipSpletAn attorney fee clause breaks the default fee rule and identifies which party must pay the other party’s (or parties’) lawyers’ fees and other costs and expenses. When two or more parties enter into a contract, they may designate, within the legal document, who pays for legal costs, like attorneys’ fees, if a lawsuit is brought. stein mart phone

"Splet09. nov. 2024 · A payor is a person paying money to someone else. They can also be called payers, which is an alternate spelling. The payor buys products, services or other items … " - Payor clause meaning

Payor clause meaning

Payor vs. Payee: Two Key Terms in Financial Transactions

Spletclause noun [C] (LEGAL DOCUMENT) law a particular part of a written legal document, for example a law passed by Congress or a contract (= an agreement): They have added / … Splet04. mar. 2024 · The payor: This is the person who promises to repay the debt. The payee: This is the lender, the person or entity that's lending the money. The date: This is the date the promise to repay is effective. The amount or principal: This identifies the face amount of the money borrowed by the payor. The interest rate: The interest rate being charged is …

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SpletDefinition of "Payor clause". Provision found in juvenile insurance that waives the premiums due on the insured child's policy provided that the payor of the premiums … Splet09. sep. 2024 · The payor is a person who pays money in exchange for goods or services. Examples include paying for utilities, clothing, groceries, and mechanical work.

SpletPremium Waiver Benefit: A benefit wherein the future premium payments by the insured are waived off under certain conditions is called premium waiver benefit. This benefit can be availed usually in case of accident, disability or death of the person who was paying the premiums when the insured is incapable of paying premiums due to his loss of ... Splet09. apr. 2024 · Payor definition: A payor is a person who makes a payment . Meaning, pronunciation, translations and examples

Splet21. okt. 2024 · Policy cancellation. The loss payee section of your policy is more than a direct link between your insurance company and the lender. Since you are not the sole owner of the collateral, claim checks will be made out to both you and the lender or directly to a repair shop. 2. In the case of a total loss, the lender will be paid first. Spletnoun pay· er ˈpā-ər variants or less commonly payor ˈpā-ər (ˌ)pā-ˈȯr : one that pays especially : the person by whom a bill or note has been or should be paid He is a prompt bill payer. Example Sentences Recent Examples on the Web Democrats, polls have found, tend to support single payer more frequently than Republicans.

Spletnoun pay· er ˈpā-ər variants or less commonly payor ˈpā-ər (ˌ)pā-ˈȯr : one that pays especially : the person by whom a bill or note has been or should be paid He is a prompt …

SpletPayor Indemnity. To the fullest extent permitted by Applicable Law, the Payor shall indemnify the Payee, its Affiliates, and their respective officers, directors, employees, … stein mart philadelphiaSpletA payor benefit refers to a provision under which premiums are waived if the person paying the premiums becomes disabled or dies. On This Page Additional Information This option … pinner site services limitedSpletThe agreement in a life insurance contract that states a specific sum of money will be paid to a designated person upon an insured's death is called a (n): Insuring agreement. *The … pinner shoe shopSpletA MFN clause “might be procompetitive because it … [can] facilitate bargaining by eliminating the risk that the provider will be able to hold up the third party payor for more than the provider was willing to accept from the third party payor’s competitors.”3 Another pinner south ward boundariesSplet24. feb. 2024 · The clause is an important measure that mortgagees take to protect their investment in a mortgagor’s property. If you’re a mortgagor, or you’re soon to be one, it’s … pinner shoe repairsSplet10. dec. 2024 · A waiver of premium rider is an insurance policy clause that waives premium payments if the policyholder becomes critically ill, seriously injured, or … stein mart peck and peck shortsSpletA limitation of liability clause, sometimes called a liability clause, refers to a legal provision included in a contract, which limits the level of exposure the company will face in the … stein mart pay bill online