Webbottomry-bond. The contract of bottomry is a negotiable instrument, which may be put in suit by the person to whom it is transferred: it is in use in all countries of … WebBottomry Bonds. A bottomry bond is a contract of hypothecation by which the owner of a ship, or the master as his agent, borrows money for the use of the ship to meet some emergency, e.g. necessary repairs, and pledges the ship (or keel or bottom of the ship, partem pro toto) as security for repayment. If the ship safely accomplishes her voyage ...

Bottomry Definition - Investopedia

Webbottomry, a maritime contract (now almost obsolete) by which the owner of a ship borrows money for equipping or repairing the vessel and, for a definite term, … Webbottomry n pl , -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 fort hays state online masters

Bottomry - Encyclopedia

Webbond of bot·tom·ry Here are all the possible meanings and translations of the word bond of bottomry. Dictionary of Nautical Terms (0.00 / 0 votes) Rate this definition: bond of … Webbottomry. n. a mortgage contract in which a ship and/or its freight is pledged as security for a loan for equipment, repair, or use of a vessel. The contract is generally … WebJul 19, 2024 · Bottomry noun (nautical) An early form of maritime contract in which the owner of a ship could borrow money using the ship as collateral. Respondentia noun A loan upon goods laden on board a ship. It differs from bottomry, which is a loan on the ship itself. Bottomry noun dillards dress shoes men