The isochron, the name given to a surface of equal two‐way time, has a profound position in seismic imaging. In this paper, I introduce a framework for construction of isochrons for a given velocity model. The basic idea is to let trajectories called isochron rays be associated with iso chrons in an way analogous to the association of conventional rays with wavefronts. In the context of prestack depth migration, an isochron ray based on conventional ray theory represents a simultaneous downward continuation from both source and receiver. The isochron ray is a generalization of the normal ray for poststack map migration. I have organized the process with systems of ordinary differential equations appearing on two levels. The upper level is model‐independent, and the lower level consists of conventional one‐way ray tracing. An advantage of the new method is that interpolation in a ray domain using isochron rays is able to treat triplications (multiarrivals) accurately, as opposed to interpolation in the depth domain based on one‐way traveltime tables. Another nice property is that the Beylkin determinant, an important correction factor in amplitude‐preserving seismic imaging, is closely related to the geometric spreading of isochron rays. For these reasons, the isochron ray has the potential to become a core part of future implementations of prestack depth migration. In addition, isochron rays can be applied in many contexts of forward and inverse seismic modeling, e.g., generation of Fresnel volumes, map migration of prestack traveltime events, and generation of a depth‐domain–based cost function for velocity model updating.