POD designation definition

POD designation means the designation of: (i) a beneficiary in an account payable on request to one party during the party’s lifetime and on the party’s death to one or more beneficiaries, or to one or more parties during their lifetimes and on death of all of them to one or more beneficiaries, or (ii) a beneficiary in an account in the name of one or more parties as trustee for one or more beneficiaries if the relationship is established by the terms of the account and there is no subject of the trust other than the sums on deposit in the account, whether or not payment to the beneficiary is mentioned.
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POD designation means the designation of:
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POD designation means the designation of: (i) a beneficiary in an account payable
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Examples of POD designation in a sentence

  • A POD designation instructs us that the designated Account is payable to the Owner during their lifetime and upon death of the last Owner, is payable to the beneficiary designated in your Account records and in accordance with Applicable Law.


More Definitions of POD designation

POD designation means the designation of (i) a beneficiary in an
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Related to POD designation

  • Type designation means a combination of letters and numerals assigned by the Government to a major end item, assembly or subassembly, as appropriate, to provide a convenient means of differentiating between items having the same basic name and to indicate modifications and changes thereto.

  • Airline Designator Code means the two-characters or three letters, which identify particular air carriers.

  • Secured Party Designation Notice means a notice from any Lender or an Affiliate of a Lender substantially in the form of Exhibit H.

  • Certificate of Designations means the Certificate of Designations or comparable instrument relating to the Designated Preferred Stock, of which these Standard Provisions form a part, as it may be amended from time to time.

  • Designation has the meaning set forth in Section 4.16.

  • Statewide popular election means a general election in which votes are cast for

  • Certificate of Designation means the Certificate of Designation to be filed prior to the Closing by the Company with the Secretary of State of Delaware, in the form of Exhibit A attached hereto.