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bond certificate vs post-obit bond

post-obit bond vs bond certificate

bond certificate and post-obit bond both are nouns.

Word NounAdjectiveVerbAdverb
bond certificate Yes No No No
post-obit bond Yes No No No
As nouns, post-obit bond is a hyponym of bond certificate; that is, post-obit bond is a word with a more specific, narrower meaning than bond certificate:
  • bond certificate: 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
  • post-obit bond: a bond made by a reversioner to secure a loan; payable out of his reversion
bond certificate (noun) post-obit bond (noun)
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 a bond made by a reversioner to secure a loan; payable out of his reversion
Difference between bond certificate and post-obit bond

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