bottomry 的定义
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.
更多bottomry例句
- Money advanced on bottomry is not liable in England for general average losses.
- A bottomry bond gives no remedy to the lenders against the owners of the ship or cargo personally.
- Amongst these in all cases are found claims for salvage, wages, bottomry under certain restrictions, and necessaries.
- Loans of this character have ever since been common in maritime lands, under the name of bottomry and respondentia bonds.
- The rate of interest was high, usually 12%; and in trading and bottomry the returns were much higher.