Meaning of post-obit | Babel Free

Definitions

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.

Examples

“They were following pretty rapidly, upon the same terms, post obits, payable upon the death of Mrs. Wharton”

“[…] he had raised money on post-obits, and encumbered the family estate […]”

CEFR level