Post-obit bond
Post-obit Post-o"bit, n., or Post-obit bond Post-o"bit bond` . [Pref. post- + obit.] (Law) 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. --Bouvier. [1913 Webster]

The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • post obit bond — See bond post obit …   Ballentine's law dictionary

  • post-obit bond — noun a bond made by a reversioner to secure a loan; payable out of his reversion • Hypernyms: ↑bond, ↑bond certificate * * * noun : a bond payable after a person s death; especially : one made by a reversioner to secure payment of a loan with a… …   Useful english dictionary

  • post-obit bond — /poʊst ˈoʊbət bɒnd/ (say pohst ohbuht bond) noun a bond paying a sum of money after the death of some specified person, from whose estate the giver of the bond expects to inherit …   Australian English dictionary

  • post-obit bond — A bond given by an expectant, to become due on the death of a person from whom he will have property. A bond or agreement given by a borrower of money, by which he undertakes to pay a larger sum, exceeding the legal rate of interest, on or after… …   Black's law dictionary

  • post-obit bond — a bond paying a sum of money after the death of some specified person. [1780 90] * * * …   Universalium

  • Post-obit — Post o bit, n., or Post obit bond Post o bit bond . [Pref. post + obit.] (Law) 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… …   The Collaborative International Dictionary of English

  • post-obit — [pōst΄ō′bit] adj. [contr. < L post obitum, after death < post, after + obitus, death: see POST & OBIT] being, or to be, in effect after a specified person s death n. a bond given by a borrower pledging to pay a debt upon the death of a… …   English World dictionary

  • bond post obit — Bond after he has died, a bond given to secure the performance of Some act or acts after a certain person shall have died . A kind of bond whereby the obligor agrees that in consideration of the payment to him of a sum of money by the obligee, he …   Ballentine's law dictionary

  • post-obit — n. & adj. n. a bond given to a lender by a borrower securing a sum for payment on the death of another person from whom the borrower expects to inherit. adj. taking effect after death. Etymology: L post obitum f. post after + obitus decease f.… …   Useful english dictionary

  • post obit — n. obsequies; service on the anniversary of the day of a person s death that is held for the soul of the deceased; bond that pays after particular person s death …   English contemporary dictionary

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