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Post-obit bond   Listen
noun
Post-obit bond, Post-obit  n.  (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.






Collaborative International Dictionary of English 0.48








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Words linked to "Post-obit bond" :   bond, bond certificate



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