Definitions
There is 1 meaning of the phrase
Post-Obit Bond.
Post-Obit Bond - as a noun
A bond made by a reversioner to secure a loan; payable out of his reversion
Example Sentences
"The post-obit bond is a type of loan arrangement where a person borrows money against the promise of receiving an inheritance in the future."
"He used a post-obit bond to secure funding for his business, with the repayment relying on his expected inheritance."
"The lender agreed to provide a post-obit bond to the borrower, as they were confident in the value of the future inheritance."
"She considered using a post-obit bond to finance her education, but eventually decided to explore other options."
"The terms and conditions of a post-obit bond may vary depending on the lender and the nature of the expected inheritance."
