post-obit bond Synonyms
No Synonyms and anytonyms found
post-obit bond Meaning
Wordnet
post-obit bond (n)
a bond made by a reversioner to secure a loan; payable out of his reversion
FAQs About the word post-obit bond
a bond made by a reversioner to secure a loan; payable out of his reversion
No synonyms found.
No antonyms found.
The post-obit bond was a risky investment, as it relied on the life expectancy of the elderly bondholder.
The post-obit bond market emerged in the 18th century as a way for heirs to secure future inheritances.
In a post-obit bond agreement, the borrower receives a lump sum payment today in exchange for the lender's right to a portion of their estate after their death.
The interest rate on post-obit bonds is typically higher than traditional loans due to the inherent risk involved.