Meaning Of The Word Post-obit bond

Real Dictionary

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Post-obit bond Meaning

Post-obit bond Definition
Post-obit bond Definition

What's The Definition Of Post-obit bond?

post-obit bond in British English
adjective: taking effect after death
noun
noun: a bond given by a borrower, payable after the death of a specified person, esp one given to a moneylender by an expectant heir promising to repay when his or her interest falls into possession
noun: a bond paying a sum of money after the death of some specified person

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