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bottomry |
Also found in: Legal, Wikipedia | 0.04 sec. |
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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: ShipsHow to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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