DICT.TW Dictionary Taiwan
Post-o·bit n., or Post-o·bit bond . 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.
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post-obit bond
n : a bond made by a reversioner to secure a loan; payable out
of his reversion