noun
a bond made by a reversioner to secure a loan; payable out of his reversion
• Hypernyms: ↑bond, ↑bond certificate
* * *
noun : a bond payable after a person's death; especially : one made by a reversioner to secure payment of a loan with a bonus and interest and to be paid out of his reversion on its vesting in him
* * *
a bond paying a sum of money after the death of some specified person.
[1780-90]
Useful english dictionary. 2012.