post-obit

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post-obit

(pəʊstˈəʊbɪt; -ˈɒbɪt) law
n
(Banking & Finance) Also called: post-obit bond a bond given by a borrower, payable after the death of a specified person, esp one given to a moneylender by an expectant heir promising to repay when his interest falls into possession
adj
(Law) taking effect after death
[C18: from Latin post obitum after death]
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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References in classic literature
The very day I put it on first, old Lord Mallowford was burnt to death in his bed, and all the post-obits fell in.
For example, in a prosperous city such as Bristol, music played a prominent role in urban religious life, especially through bequests for post-obit intercessory commemorations such as chantries and anniversaries (Kisby, op.
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