Also found in: Thesaurus, Legal.
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]
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014