post-obit bond


Also found in: Thesaurus, Legal.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.post-obit bond - a bond made by a reversioner to secure a loan; payable out of his reversion
bond certificate, bond - a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.