bottomry


bottomry

bottomry [bot-uh m-ree] ExamplesWord Origin noun, plural bot·tom·ries. Marine Law.

  1. 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.

Origin of bottomry 1615–25; modeled on Dutch bodemerij, equivalent to bodem bottom + -erij -ry Examples from the Web for bottomry Historical Examples of bottomry

  • The bottomry contract in Denmark, Sweden, and the north of Germany.

    The Sailor’s Word-Book

    William Henry Smyth

  • Loans of this character have ever since been common in maritime lands, under the name of bottomry and respondentia bonds.

    Encyclopaedia Britannica, 11th Edition, Volume 14, Slice 6

    Various

  • The rate of interest was high, usually 12%; and in trading and bottomry the returns were much higher.

    Encyclopaedia Britannica, 11th Edition, Volume 5, Slice 8

    Various

  • Would you have men oratorical over a bottomry bond, Demosthenic about an action of trespass on the case, or a rule to compute?

    Blackwood’s Edinburgh Magazine, No. CCCXXIX.

    Various

  • Amongst these in all cases are found claims for salvage, wages, bottomry under certain restrictions, and necessaries.

    Encyclopaedia Britannica, 11th Edition, Volume 16, Slice 5

    Various

  • British Dictionary definitions for bottomry bottomry noun plural -ries

    1. 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

    Word Origin for bottomry C16: from Dutch bodemerij, from bodem bottom (hull of a ship) + -erij -ry

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    44 queries 2.742