What does post-obit bond mean?
Definitions for post-obit bond
post-obit bond
This dictionary definitions page includes all the possible meanings, example usage and translations of the word post-obit bond.
Princeton's WordNet
post-obit bondnoun
a bond made by a reversioner to secure a loan; payable out of his reversion
ChatGPT
post-obit bond
A post-obit bond is a type of loan or financial arrangement in which repayment by the borrower is contingent upon the death of a specified individual, typically a relative of the borrower. The lender effectively takes a financial risk on the life expectancy of this individual. This type of bond often comes with high interest due to its high-risk nature. These bonds are rarely used today because of ethical and legal concerns.
Webster Dictionary
Post-obit bond
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
Etymology: [Pref. post- + obit.]
Matched Categories
Numerology
Chaldean Numerology
The numerical value of post-obit bond in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of post-obit bond in Pythagorean Numerology is: 7
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"post-obit bond." Definitions.net. STANDS4 LLC, 2025. Web. 24 Jan. 2025. <https://www.definitions.net/definition/post-obit+bond>.
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