Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,898,684,183 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Payable-on-Death
(redirected from Payable on Death)

   Also found in: Acronyms, Wikipedia 0.01 sec.
Payable-on-Death
A bank account into which a person may deposit funds that will automatically transfer to a named beneficiary upon the person's death. This can be beneficial because the payable-on-death account transfers outside the probate process and the beneficiary may begin using the money immediately. See also: Transferable-on-death.

Payable-on-death. A bank account titled payable-on-death (POD) lets you name one or more beneficiaries to whom the assets are paid when you die.

POD accounts can be useful estate planning tools in the states where they are available, since the assets in the account can pass to your beneficiaries directly, outside the probate process.

A similar type of registration is available in some states for securities and brokerage accounts, known as transferable-on-death, or TOD, accounts.



Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
No references found
 
The most common form of life assurance is arranged on a lump sum basis, payable on death.
With a decreasing term policy, the amount of benefit which would be payable on death reduces annually, until there is a zero amount left at the end of the term.
And all offered similar sums assured, the guaranteed minimum amount payable on death.
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.