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]
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.