Backbond

2 definitions found

From The Collaborative International Dictionary of English v.0.48 [gcide]:

  Backbond \Back"bond`\ (b[a^]k"b[o^]nd`), n. [Back, adv. + bond.]
     (Scots Law)
     An instrument which, in conjunction with another making an
     absolute disposition, constitutes a trust.
     [1913 Webster]



From Bouvier's Law Dictionary, Revised 6th Ed (1856) [bouvier]:

  BACK-BOND. A bond given by one to a surety, to indemnify such surety in case 
  of loss. In Scotland, a back-bond is an instrument which, in conjunction 
  with another which gives an absolute disposition, constitutes a trust. A 
  declaration of trust.