- 1. 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. Source: opted
- 2. n. a bond made by a reversioner to secure a loan; payable out of their reversion Source: wordnet
- 3. 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. Bouvier. 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. Bouvier. Source: webster
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post-obit bond
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sumbondbindscertainconsiderationdeathexpectationshimselfindividualinterestlargermoneyobligorpayreceivedspecifiedunusualloanpayablereversionreversionersecuretheir
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