heritable bond

heritable bond
noun or heritable security
Scots law : a form of bond or obligation carrying a yearly profit, secured upon land, treated as heritable, and now essentially like the English and American mortgage of real property

Useful english dictionary. 2012.

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  • heritable bond — /hehratabal bond/ A bond for a sum of money to which is added, for further security of the creditor, a conveyance of land or heritage to be held by the creditor as pledge …   Black's law dictionary

  • heritable bond — /hehratabal bond/ A bond for a sum of money to which is added, for further security of the creditor, a conveyance of land or heritage to be held by the creditor as pledge …   Black's law dictionary

  • heritable bond — A bond secured by inheritable property; that is, by land …   Ballentine's law dictionary

  • heritable security — noun see heritable bond * * * heritable security noun (Scots law) Same as English mortgage • • • Main Entry: ↑heritable …   Useful english dictionary

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