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post-obit 
post-obit definition
post·-obit (-ō′bit)
adjective
being, or to be, in effect after a specified person's death
Etymology: contr. < L post obitum, after death < post, after + obitus, death: see post- & obit
noun
a bond given by a borrower pledging to pay a debt upon the death of a specified person from whom the borrower expects to inherit money
also post-obit bond
Webster's New World College Dictionary Copyright © 2009 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.
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