Vocab Bloom Hub

post-obit bond

/ˈpəʊst ˈɒbɪt bɒnd/

Traduction: Instrument financier historique, aujourd'hui largement obsolète, désignant une obligation émise après le décès d'une personne pour couvrir les droits de succession ou les dettes, généralement adossée aux actifs du défunt.

1 entrée

phrase

/ˈpəʊst ˈɒbɪt bɒnd/formallegalobsolète
  • frInstrument financier historique, aujourd'hui largement obsolète, désignant une obligation émise après le décès d'une personne pour couvrir les droits de succession ou les dettes, généralement adossée aux actifs du défunt.

A historical financial instrument, now largely obsolete, that was a bond issued after a person's death to cover estate taxes or debts, typically secured against the deceased's assets.

  1. Financial agreementC2formalbritish

    A legal bond or contract in which a borrower promises to repay a loan after the death of a specific person from whom they expect to inherit money or property.

    frobligation post-obit

    • He signed a post-obit bond to secure a loan against his uncle's estate.
    • The lawyer explained the risks of a post-obit bond to the young heir.
    • Post-obit bonds were historically used by heirs expecting a large inheritance.