Payable On Death (POD)

Payable On Death (POD),

What Does Payable On Death (POD) Mean?

  • The definition of Payable On Death (POD) is: Death Payable (POD) is an agreement between a bank or credit union and a consumer that determines the beneficiary to acquire all of the customer's assets. Transfer of assets immediately following the client's death. Just activated Although pathological, it is important to understand these structures.

    • Death Payable (POD) is an agreement that an individual makes with a financial institution so that they can benefit from their bank account or certificate of deposit.
    • The compensation to be paid in the event of death is also known as the Totten Trust.
    • PODs are easier to create and maintain than trusts and wills.

Literal Meanings of Payable On Death (POD)

Payable:

Meanings of Payable:
  1. Debt arising out of company liabilities.

  2. Paying (cash)

  3. Can submit

Sentences of Payable
  1. Payable Account (Excluding Payable Customer Return and Construction Account)

  2. Interest is paid on the amount owed

Synonyms of Payable

owed, owing, to be paid, due

On:

Meanings of On:
  1. As a title (above).

  2. Keep (above) as your goal, purpose or focus.

  3. To participate in

  4. Transmitted through physical contact and to any level.

  5. Indicates the continuity of an action or action.

  6. (Entertainment or other program) that is on offer or is being offered.

  7. (By electric device or power).

  8. (Actors, etc.) Broadcast or show

  9. Ontario (in postal use)

  10. Nordic old man.

Sentences of On
  1. Write your thoughts on paper

  2. Do you take morphine to relieve pain?

  3. Make sure the cover is in place.

  4. He tried

  5. What's new at the festival?

  6. They always emit light

Synonyms of On

operating, re, with reference to, in connection with, in operation, in use, relating to, interminably, apropos, continuously, concerning, with regard to, touching on, referring to, on, respecting, without a pause, for a long time, connected with, regarding, dealing with

Death:

Meanings of Death:
  1. The act or act of killing or killing at the end of the life of a person or organization.

Sentences of Death
  1. Increased mortality from cancerous skin cancer

Synonyms of Death

passing away, expiry, dying, passing, loss of life, demise, final exit, end, departure from life, passing on, expiration, eternal rest

POD:

Meanings of POD:
  1. (Plants) on screens or beans.

  2. Remove the peas (peas or lentils) from the beans before cooking.

  3. Fruit seed traps are as long as peas, which open on both sides when ripe.

  4. A separate or self-contained unit on a plane, spacecraft, vehicle or aircraft that has a specific function.

  5. A small herd or group of marine animals, especially whales.

  6. Print on demand short

Sentences of POD
  1. Don't take peas

  2. Our friends have been harvesting and shelling peas and lentils

  3. Towards the end of the season, when the traps begin to divide and harvest the seeds.

  4. A torpedo sensor capsule with a television camera

  5. A group of 500 dolphins playing in the bay

  6. POD allows editors to take risks with authors

Synonyms of POD

case, seed vessel, hull, shell, husk