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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. An indemnity bond

 - n. (Scots Law) An instrument which, in conjunction with another making an absolute disposition, constitutes a trust. A deed which has the force and effect of an English deed of declaration of trust.