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post-obit

post-o·bit


noun  (plural post-o·bits)
Definition:
 
bond payable after somebody's death: a bond that pays after the death of somebody from whom the issuer of the bond expects to inherit ( dated )



adjective 
Definition:
 
after death: coming into effect after somebody's death ( formal )
post-obit payments

[Mid-18th century. < Latin post obitum "after death"]
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