post-obit bond

Definitions of post-obit bond
  1. noun
    a bond made by a reversioner to secure a loan; payable out of his reversion
    see moresee less
    type of:
    bond, bond certificate
    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
Cite this entry
Style:
MLA
  • MLA
  • APA
  • Chicago

Copy citation
DISCLAIMER: These example sentences appear in various news sources and books to reflect the usage of the word ‘post-obit bond'. Views expressed in the examples do not represent the opinion of Vocabulary.com or its editors. Send us feedback
Word Family