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Definitions from the Web

The term "claimspayments" refers to the process of paying out funds to policyholders or beneficiaries who have filed a claim with an insurance company or other financial institution.

Senses and Usages:

Sense 1 (Noun):

Claimspayments (noun) can refer to the actual funds or payments made to policyholders or beneficiaries as a result of a filed claim.

Example sentence: The claimspayments for the car accident were promptly processed and transferred to the policyholder's bank account.

Sense 2 (Noun):

In the insurance industry, "claimspayments" (noun) can also refer to the department or division responsible for processing and disbursing claim payments.

Example sentence: The claimspayments department is diligently working to process the flood damage claims.

Sense 3 (Verb):

As a verb, "claimspayments" refers to the action of disbursing funds to policyholders or beneficiaries.

Example sentence: The insurance company quickly claimspayments the reimbursement to the injured party.

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