Meaning Of The Word Bottomry

Real Dictionary

What's the definition of Bottomry? Find Bottomry meanings, definitions and more at the Real Dictionary online.

Bottomry Meaning

Bottomry Definition
Bottomry Definition

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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