[pohst-oh-bit, -ob-it] /poʊstˈoʊ bɪt, -ˈɒb ɪt/
effective after a particular person’s death.
Also called post-obit bond. a bond given by a borrower, payable after the death of a specified person, esp one given to a moneylender by an expectant heir promising to repay when his interest falls into possession
taking effect after death
- Post-obit bond
noun 1. a bond paying a sum of money after the death of some specified person.
[pohst oh-bi-too m; English pohst ob-i-tuh m, oh-bi-] /ˈpoʊst ˈoʊ bɪˌtʊm; English ˈpoʊst ˈɒb ɪ təm, ˈoʊ bɪ-/ adverb, Latin. 1. after death.
noun 1. an office or station of a government postal system at which mail is received and sorted, from which it is dispatched and distributed, and at which stamps are sold or other services rendered. 2. (often initial capital letter) the department of a government charged with the transportation of mail. 3. a game in […]
- Post-office box
noun 1. (in a post office) a locked compartment into which the mail of a box renter is put to be called for. Abbreviation: POB, P.O.B.