heritable bond

noun
variants: or heritable security

Definition of heritable bond

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

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heritable

heritable bond

heritably

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Cite this Entry

“Heritable bond.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/heritable%20bond. Accessed 10 Aug. 2022.

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