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]
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.