Post-Obit Bond Law and Legal Definition
A post-obit bond is an agreement that a borrower promises to pay to the lender a lump sum or a debt, when a person whose property the borrower expects to inherit, dies. Equity did not enforce these kinds of bonds if the terms were unjust and unreasonable.
Legal Definition list
- Post-Judgment Discovery
- Post-Institutionalized Child
- Post-Hospital Extended Care Services
- Post-Employment Vocational Skills Training [PEVST]
- Post-Employment Services [Education]
- Post-Obit Bond
- Post-Placement [Adoption]
- Post-Placement Report
- Post-Secondary Education
- Post-Termination Transition Period
- Postal Costs
