post-obit
nounEtymology From post- + obit.
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. Wharton1827, Reports of Cases Argued and Determined in the High Court of Chancery:
- […] he had raised money on post-obits, and encumbered the family estate […]1847 January – 1848 July, William Makepeace Thackeray, Vanity Fair […], London: Bradbury and Evans […], published 1848, →OCLC: