post-obit

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

• “post-obit”, in Webster’s Revised Unabridged Dictionary, Springfield, Mass.: G. & C. Merriam, 1913, →OCLC.