post-obit bond

English Thesaurus

1. a bond made by a reversioner to secure a loan; payable out of his reversion (noun.possession)

hypernym	:	bond, bond certificate,
definition	:	a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal (noun.possession)