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post-obit(pəʊstˈəʊbɪt; -ˈɒbɪt) law
(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
(Law) taking effect after death
[C18: from Latin post obitum after death]