HyperDic: post-obit_bond

English > 1 sense of the expression *post-obit bond*:
NOUN	possession	post-obit bond	a bond made by a reversioner to secure a loan

English > *post-obit bond*: 1 sense > noun 1, possession
Meaning	A bond made by a reversioner to secure a loan; payable out of his reversion.
Broader	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