Definify.com
Webster 1913 Edition
Post-obit bond
{ , or
. Post-o′bit
,Noun.
Post-o′bit bondˊ
}[Pref.
post-
+ obit
.] (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.
Bouvier.