post-obit bond

Variant of 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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