Financial Terms & Definitions

If talking about finances feels like trying to learn a foreign language, we're here to help. As your trusted financial planners and investment managers, we want you to understand the terms, acronyms, and jargon that may arise during your financial journey.

From Amortization to Zero-Coupon, we've got you covered.
Here's our glossary of financial terms in alphabetical order to get you started.

What does Payable on Death mean?

Also known as "Transfer on Death" or "Totten Trust". This term refers to a designation on bank, credit union or investment accounts allowing the immediate transfer of assets to the noted beneficiaries upon the clients death. Payable on Death or Transfer on Death arrangements take precedent over beneficiaries listed in a will.

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