Definition of Bottomry. Meaning of Bottomry. Synonyms of Bottomry

Here you will find one or more explanations in English for the word Bottomry. Also in the bottom left of the page several parts of wikipedia pages related to the word Bottomry and, of course, Bottomry synonyms and on the right images related to the word Bottomry.

Definition of Bottomry

Bottomry
Bottomry Bot"tom*ry, n. [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.

Meaning of Bottomry from wikipedia

- A bottomry, or bottomage, is an arrangement in which the master of a ship borrows money upon the bottom or keel of it, so as to forfeit the ship itself...
- portion of the body, particularly the legs. Bott Bottoming (disambiguation) Bottomry All pages with titles beginning with Bottom All pages with titles containing...
- subsidiaries offer securitization, securities brokerage, mutual investment and bottomry, insurance and factoring, among others. Outside Chile, the bank has had...
- character have ever since been common in maritime lands under the name of bottomry and respondentia bonds. The direct insurance of sea-risks for a premium...
- Transport portal The captain goes down with the ship – Maritime tradition Bottomry – Arrangement in which the master of a ship borrows money using the ship...
- for ****urance of Ships and Merchandizes at Sea, and for lending Money on Bottomry; and for restraining several extravagant and unwarrantable Practices therein...
- usually ****erted against any compensation benefits paid to a patient. Bottomry Detinue Distraint False lien Mechanic's lien Mortgage Pawnbroker Replevin...
- The Origin and Early History of Insurance: Including the Contract of Bottomry. The Lawbook Exchange, Ltd. ISBN 978-1-58477-932-2. Law of Marine Insurance...
- always underwater. 2.  A ship, most often a cargo ship. 3.  A cargo hold. bottomry Pledging a ship as security in a financial transaction. bow 1.  The front...
- colonies in America, and an expert on ship insurance, general average and bottomry who gained a great re****tion in commercial matters. Nicolaus was born...