POST-OBIT BOND

Pronunciation (US):

(GB):

IPA (US):

 Dictionary entry overview: What does post-obit bond mean? 

• POST-OBIT BOND (noun)
  The noun POST-OBIT BOND has 1 sense:

1. a bond made by a reversioner to secure a loan; payable out of his reversion

  Familiarity information: POST-OBIT BOND used as a noun is very rare.

 Dictionary entry details 

• POST-OBIT BOND (noun)

Sense 1

Meaning:

A bond made by a reversioner to secure a loan; payable out of his reversion

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("post-obit bond" is a kind 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)