A formal legal undertaking, often used in financial remedy orders to require a party to make financial arrangements on death — for example, to continue providing for a former spouse or children after the payer's death. It can be binding on the person's executors and trustees.
In Plain English
A formal legal promise, usually used to make sure financial support continues even after the person paying it has died. It ensures that the person's estate will keep making the agreed payments to a former partner or children.
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