Bottomry

Bottomry (bottomry)
n.	((?))
Bot"tom*ry
[From 1st Bottom in sense 8: cf.D. bodemerij. Cf. Bummery.] (Mar.Law)

A contract in the nature of a mortgage, by which the owner of a ship, or the master as his agent, hypothecates and binds the ship (and sometimes the accruing freight) as security for the repayment of money advanced or lent for the use of the ship, if she terminates her voyage successfully. If the ship is lost by perils of the sea, the lender loses the money; but if the ship arrives safe, he is to receive the money lent, with the interest or premium stipulated, although it may, and usually does, exceed the legal rate of interest. See Hypothecation.

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The dictionary's 1913 edition of the 1900 International, renamed Webster's Revised Unabridged Dictionary, has in modern times been used in various free online resources, as its copyright lapsed and it became public domain.
- Wikipedia

Bottomry

Why Donate?

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Donations from Outside of the United States

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News: offspring

The dictionary's 1913 edition of the 1900 International, renamed Webster's Revised Unabridged Dictionary, has in modern times been used in various free online resources, as its copyright lapsed and it became public domain. - Wikipedia

Bottomry

Why Donate?

Donate Using PayPal

Donations from Outside of the United States

Donations by Other Methods

News: offspring

The dictionary's 1913 edition of the 1900 International, renamed Webster's Revised Unabridged Dictionary, has in modern times been used in various free online resources, as its copyright lapsed and it became public domain.
- Wikipedia