post-obit bond

noun

: a bond payable after a person's death
especially : one made by a reversioner to secure payment of a loan with a bonus and interest and to be paid out of his reversion on its vesting in him

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Dictionary Entries Near post-obit bond

Cite this Entry

“Post-obit bond.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/post-obit%20bond. Accessed 10 Dec. 2024.

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