bottomry (Crossword)

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Definitions of “bottomry”
If the answer you seek is not in the answers above these definitions may help solving your crossword puzzle.

• Pledging a ship as security in a financial transaction
• Using the ship as collateral to finance a sea voyage
• (n) Bottomry is the contract of pledging the ship
• Bottomry is a term for money advanced to a ship owner or his agent in the course of a voyage
• A contract, of the nature of a mortgage, by which the owner of a ship borrows money to make a voyage
• Maritime Law. A contract in nature of a mortgage of a ship on which the owner borrows money to enable him to fit out the ship
• A maritime contract (now almost obsolete) by which the owner of a ship borrows money for equipping or repairing the vessel and

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