Definition, Meaning & Synonyms
post-obit
Noun
ˈpōst-ˌō-bət
Definition
A post-obit is a payment made after a person’s death, typically in reference to insurance or a financial instrument.
Examples
- The family received a post-obit from the deceased’s life insurance policy.
- He structured his investment as a post-obit arrangement to benefit his heirs.
Meaning
The term reflects a financial obligation that arises after an individual has passed away, often relating to agreements or contracts.
Synonyms
- Deferred payment
- Posthumous payment
- Death benefit
