Particulars and Conditions of Sale of a post Obit Bond for the Sum of £5,750 Sterling, Payable on the Decease of a Gentleman, aged 70 Years in July next, - provided his Son, the Obligor in the Bond, survives him. Which will be Sold by Auction.

MESSRS. ROBINS

Published by Messrs. Robins, 1823.

About this Item

Broadside, 335 x 215 mm. a little chipped and browned. Manuscript bidding increments to recto, manuscript agreement [uncompleted] to verso. A Post Obit Bond, is a bond given by a borrower, payable after the death of a specified person, especially one given to a moneylender by an expectant heir promising to repay when his or her interest falls into possession. In this case the bond was offered by auction on the open market, the debtor being expectant of an income of £4,000 a year on the decease of his father. It was unusual for a bond to be offered in this way, they were more commonly transferred in more discreet transactions between bankers, moneylenders and speculators, and occasionally to gain some advantage over the debtor.

Seller Inventory # 46619

Bibliographic Details

• Title: Particulars and Conditions of Sale of a post Obit Bond for the Sum of £5,750 Sterling, Payable on the Decease of a Gentleman, aged 70 Years in July next, - provided his Son, the Obligor in the Bond, survives him. Which will be Sold by Auction.
• Publisher: Messrs. Robins, 1823.
• Seller catalogs:
  • Ephemera