Post-obit
Definition, Meaning & Examples
Part of speech noun
Quick meaning: Post-obit is a noun meaning (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.
Meaning
(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.
Example Sentences
[…] he had raised money on post-obits, and encumbered the family estate […]
They were following pretty rapidly, upon the same terms, post obits, payable upon the death of Mrs. Wharton
Word Forms
- post-obits
Related Words
Related dictionary entries include bond, obligee, backbond, reversion, counterbond, obligor.
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Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
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