Word Study
post-obit
CIDE DICTIONARY
post-obit, n. [Pref. post- + obit.].
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]
OXFORD 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.
--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. obire die
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