HERITABLE BOND, in Scotch law, is a personal bond for a sum of money, with a real right of annual rent payable out of land, and accompanied by a conveyance of the lands themselves in security. The usual deed is now a bond and disposition in security, corresponding to the English Mortgage (q.v.).
HERITABLE BOND
Chambers's Encyclopaedia, Volume 5: Friday to Humanitarians, p. 682
Source scan(s): p. 0697