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Definition of 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.

Post-obit bond - more info

post-obit bond - definition of post-obit bond by the Free ...

Noun 1. post-obit bond - a bond made by a reversioner to secure a loan; payable out of his reversion bond certificate , bond - a certificate of debt (usually interest ...

What does post-obit bond mean? definition, meaning and ...

Definition of post-obit bond in the AudioEnglish.net Dictionary. Meaning of post-obit bond. What does post-obit bond mean? Proper usage and pronunciation (in phonetic ...

Post-Obit Bond Law & Legal Definition

A post-obit bond is an agreement that a borrower promises to pay to the lender a lump sum or a debt, when a person whose property the borrower expects to inherit, dies.

post-obit - definition of post-obit by the Free Online ...

post-obit [pЙ™КЉstЛ€Й™КЉbЙЄt -Л€Й’bЙЄt] Chiefly law. n (Economics, Accounting & Finance / Banking & Finance) Also called post-obit bond a bond given by a borrower ...

post-obit definition | English definition dictionary ...

post-obit definition, meaning, English dictionary, synonym, see also 'post-obit bond',obit',post',POST', Collins Reverso dictionary, English definition, English ...

Postobit | Define Postobit at Dictionary.com

postobit bond ... adjective . effective after a particular person's death.

bond - Dictionary Definition : Vocabulary.com

You and your best friend have a bond that allows you to trust each other with ... post-obit bond