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bottomry

[ bot-uhm-ree ]
/ ˈbɒt əm ri /
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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.

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Origin of bottomry

1615–25; modeled on Dutch bodemerij, equivalent to bodembottom + -erij-ry
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021

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
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
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