post-obit bond - Meaning and Examples

Meaning of 'post-obit bond' (Webster Dictionary)

1 . Post-obit bond

- A bond in which the obligor, in consideration of having received a certain sum of money, binds himself to pay a larger sum, on unusual interest, on the death of some specified individual from whom he has expectations.

Nearby Words:

pose posed poser posied posies posing posingly posit posited positing

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