post-obit bond

RELATED WORDS :

 : 
Noun Phrase

WORDNET DICTIONARY

Noun post-obit bond has 1 sense

CIDE DICTIONARY

post-obit bondn. [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]

For further exploring for "post-obit bond" in Webster Dictionary Online


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