bottomry Hear it!

bottomry definition

bot·tomry (bät′əm rē)

noun

a contract by which a shipowner borrows money for equipment, repairs, or a voyage, pledging the ship as security

Etymology: < bottom, , after Du bodomerij, bottomry

Webster's New World College Dictionary Copyright © 2009 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

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