Part of Speech: n.
Quotation: The mother can designate beneficiaries of the account who will receive the monies in the account upon her death. These accounts are often called “Payable on Death,” or “POD” accounts. They operate similar to an insurance policy.
Author:
Mike Wells
Publishing Location:
North Carolina
Date of Publication:
Aug. 3, 2008
This catchword has yet to be researched.