What is another word for post-obit bond?
Pronunciation: [pˈə͡ʊstˈɒbɪt bˈɒnd] (IPA) 
A post-obit bond refers to a legal agreement where the borrower pledges a future inheritance as collateral for a loan. In some circles, this type of financial instrument is also referred to as a "dead man's" bond, dead hand bond, reversionary bond or an "inheritance bond". These terms all essentially mean the same thing, referring to the fact that the bond's repayment is based on the personal situation of the borrower - specifically, their eventual death and the distribution of their estate. While post-obit bonds are sometimes used by individuals for personal reasons, they are more commonly offered by commercial lenders as a form of secured financing.
