P.O.D. account

noun
\ ˌpē-ˌō-ˈdē- \

Legal Definition of P.O.D. account

: an account payable on request to an original party or upon the party's death to one or more designated beneficiaries

Note: A P.O.D. account is one of the few vehicles for the transfer of a decedent's property outside of probate.

History and Etymology for P.O.D. account

Payable On Death

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Cite this Entry

“P.O.D. account.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/P.O.D.%20account. Accessed 23 Sep. 2020.

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