bottomry
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bottomry [ˈbɒtəmrɪ]

n pl -ries

(Law) Maritime law 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

[from Dutch bodemerij, from bodem bottom (hull of a ship) + -erij -ry]

bottomry

the pledging of a ship as security for a loan; if the ship is lost the debt is canceled.

See also: Ships

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bottomry (redirected from Bottomage)

bottomry
(redirected from Bottomage)