Payable on Death Daniel Guidotti 14 years ago Payable on DeathUnderstanding between financial institution and customer, enabling beneficiaries to lay claim to customer’s assets on his death.Random Finance Terms for the Letter PPayable on DeathPaybackPaydownPayment DatePayment FloatPayments NettingPayments PatternPayout RatioPay-upPayment-In-Kind (PIK) bondRecommended for you:Pay-up Payments Netting Payment-In-Kind (PIK) bond Payments Pattern