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Investments glossary

Payable On Death (POD)


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Stay away from needle drugs. Richard Nixon is the only dope worth shooting.

— Abbie Hoffman

Payable on death (POD) is an arrangement between a bank or credit union and a client that designates beneficiaries to receive all of the client’s assets. The immediate transfer of assets is triggered by the death of the client. Though morbid, these structures are important to understand.

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