bottomries

bottomries
'bot·tom·ry || 'bɒtəmrɪ n. mortgaging of a ship to finance a voyage

English contemporary dictionary. 2014.

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  • bottomry — /bot euhm ree/, n., pl. bottomries. Marine Law. 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. [1615 25; modeled on D bodemerij, equiv. to bodem BOTTOM + erij… …   Universalium

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