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.