Meaning Of The Word Post-obit bond

What's the definition of Post-obit bond? Find Post-obit bond meanings, definitions and more at the Real Dictionary online.
Post-obit bond Meaning

Post-obit bond Definition |
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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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