POST-OBIT BOND • FREE-TRANSLATOR.COM • Definition of Post-obit bond

"Post-obit bond" Quotes from Famous Books

... remarkable energy in the single department of peculation; and there, not content with the slow methods of the old-fashioned defaulter, who helped himself only to what there was, they have contrived to steal what there was going to be, and have peculated in advance by a kind of official post-obit. So thoroughly has the credit of the most solvent nation in the world been shaken, that an administration which still talks of paying a hundred millions for Cuba is unable to raise a loan of five millions for the current expenses of government. Nor is ...

— The Writings of James Russell Lowell in Prose and Poetry, Volume V - Political Essays • James Russell Lowell

... just explain that a post-obit is a form of note or due bill given by the heir of an estate (usually of an entailed estate), which matures the moment the drawer of the document enters into that estate. That is to say, the tender-hearted son discounts his father's death ...

— Bidwell's Travels, from Wall Street to London Prison - Fifteen Years in Solitude • Austin Biron Bidwell

... not content with the slow methods of the old-fashioned defaulter, who helped himself only to what there was, they have contrived to steal what there was going to be, and have peculated in advance by a kind of official post-obit. So thoroughly has the credit of the most solvent nation in the world been shaken, that an administration which still talks of paying a hundred millions for Cuba is unable to raise a loan of five millions for the current ...

— The Writings of James Russell Lowell in Prose and Poetry, Volume V - Political Essays • James Russell Lowell