The Collaborative International Dictionary
Post-obit \Post-o"bit\, n., or Post-obit bond \Post-o"bit bond`\
. [Pref. post- + obit.] (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.
--Bouvier.
Wiktionary
n. (context legal English) 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.
Usage examples of "post-obit".
I propose that you execute in my favor a post-obit on your uncle's life, giving me—well, we may have to wait a long time.
As soon as the post-obit and the insurance policy are in this office, Mr.
Wrayburn, and the old girl, I mean, the poor old lady, was so near shuffling off this mortal thingummy, why, then, don’t you know, he would have waited, or raised the wind on the strength of a post-obit or something or the other.