bottomry

[ bot-uhm-ree ]

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

1
1615–25; modeled on Dutch bodemerij, equivalent to bodembottom + -erij-ry

Words Nearby bottomry

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How to use bottomry in a sentence

British Dictionary definitions for bottomry

bottomry

/ (ˈbɒtəmrɪ) /


nounplural -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

Origin of bottomry

1
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