English Dictionary

post-obit

noun

(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.

He signed a post-obit bond to secure the loan.

意味（1）

(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.

They were following pretty rapidly, upon the same terms, post obits, payable upon the death of Mrs. Wharton