English

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.
   • William Makepeace Thackeray, Vanity Fair

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

   (Can we find and add a quotation of Bouvier to this entry?)