post-obit

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English

Etymology

From post- +‎ obit.

Noun

post-obit (plural post-obits)

  1. (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.
    • 1827, Reports of Cases Argued and Determined in the High Court of Chancery:
      They were following pretty rapidly, upon the same terms, post obits, payable upon the death of Mrs. Wharton
    • 1847 January – 1848 July, William Makepeace Thackeray, Vanity Fair , London: Bradbury and Evans , published 1848, →OCLC:
      he had raised money on post-obits, and encumbered the family estate

References