POST-OBIT; POST-OBIT BOND n. 2 definitions
A bond in which the obligor, in consideration of having received a certain sum of money, binds himself to pay a larger sum, on unusual interest, on the death of some specified individual from whom he has expectations. Bouvier.
POSTAL a.
he message is written on one side of the card, and the direction on the other. -- Postal money order. See Money order, under Money. -- Postal note, an order payable to bearer, for a sum of money (in the United States less than five dollars under existing law), issued from one post office and payable at another specif…
PRIVY a.
g or queen. Burrill. -- Privy councilor, a member of the privy council. -- Privy purse, moneys set apart for the personal use of the monarch; also, the title of the person having charge of these moneys. [Eng.] Macaulay. -- Privy seal or signed, the seal which the king uses in grants, etc., which are to pass the grea…
PRIZE n.
rge or command of a captured vessel. -- Prize medal, a medal given as a prize. -- Prize money, a dividend from the proceeds of a captured vessel, etc., paid to the captors. -- Prize ring, the ring or inclosure for a prize fight; the system and practice of prize fighting. -- To make prize of, to capture. Hawthorne.…