Post-obit

1 definition found

From The Collaborative International Dictionary of English v.0.48 [gcide]:

  Post-obit \Post-o"bit\, n., or Post-obit bond \Post-o"bit bond`\
     . [Pref. post- + obit.] (Law)
     A bond in which the obligor, in consideration of having
     received a certain sum of money, binds himself to pay a
     larger sum, on unusual interest, on the death of some
     specified individual from whom he has expectations.


     --Bouvier.
     [1913 Webster]