Beneficiary
Beneficiary refers to the second individual named in the registration of a security held in definitive form registered John Doe SSN 123-45-6789 POD (payable on death to) Joseph Doe. In the New Treasury Direct system, beneficiary refers to the second individual named in the registration of a security registered John Doe SSN 123-45-6789 POD (payable on death to) Joseph Doe SSN 987-65-4321. In these examples, Joseph Doe is the beneficiary.