Meaning Of The Word Bottomry
What's the definition of Bottomry? Find Bottomry meanings, definitions and more at the Real Dictionary online.
Bottomry Meaning
| Bottomry Definition |
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What's The Definition Of Bottomry?
bottomry in American English
a contract by which a shipowner borrows money for equipment, repairs, or a voyage, pledging the ship as security noun: a contract, of the nature of a mortgage, by which the owner of a ship borrows money to make a voyage, pledging the ship as security bottomry in British English noun: a contract whereby the owner of a ship borrows money to enable the vessel to complete the voyage and pledges the ship as security for the loan |
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