UNIFORM TRANSFER-ON-DEATH SECURITY ACT
\jˈuːnɪfˌɔːm tɹˈansfɜːɹˌɒndˈɛθ sɪkjˈʊ͡əɹɪti ˈakt], \jˈuːnɪfˌɔːm tɹˈansfɜːɹˌɒndˈɛθ sɪkjˈʊəɹɪti ˈakt], \j_ˈuː_n_ɪ_f_ˌɔː_m t_ɹ_ˈa_n_s_f_ɜː_ɹ_ˌɒ_n_d_ˈɛ_θ s_ɪ_k_j_ˈʊə_ɹ_ɪ_t_i_ ˈa_k_t]\
Sort: Oldest first
-
A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using a simple form that names a person to receive the property after the owner's death. Every state but Texas has adopted the statute.
By Oddity Software
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.