Dictionary Home »
Dictionary Definitions » post-obit bond
post-obit bond
Variant of post-obit
adjective
being, or to be, in effect after a specified person's death
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 © 2010 by Wiley Publishing, Inc., Cleveland, Ohio. Used by arrangement with John Wiley & Sons, Inc.