bottomry

[ bot-uh m-ree ]

/ ˈbɒt əm ri /

noun, plural bot·tom·ries. 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.

Nearby words

Origin of bottomry

1615–25; modeled on Dutch bodemerij, equivalent to bodem bottom + -erij -ry

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

Examples from the Web for bottomry

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
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
Money advanced on bottomry is not liable in England for general average losses.
Encyclopaedia Britannica, 11th Edition, Volume 4, Slice 3|Various
The bottomry contract in Denmark, Sweden, and the north of Germany.
The Sailor's Word-Book|William Henry Smyth

A bottomry bond gives no remedy to the lenders against the owners of the ship or cargo personally.
Encyclopaedia Britannica, 11th Edition, Volume 4, Slice 3|Various

British Dictionary definitions for bottomry

bottomry

/ (ˈbɒtəmrɪ) /

noun plural -ries

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

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012