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POD

POD
 n.— «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.» —“You and the Law” by Mike Wells Winston-Salem (North Carolina) Aug. 3, 2008. (source: Double-Tongued Dictionary)

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