bottomry contract

См. также в других словарях:

• Bottomry — When the owner of a ship borrows money and uses the ship itself (referring to the ship s bottom or keel) as collateral. If the ship is lost during the course of the voyage then the creditor will lose on the loan; if the ship survives, the lender… …   Investment dictionary

• bottomry — bot·tom·ry / bä təm rē/ n [alteration of earlier bottomary, modification of Dutch bodemerij, from bodem bottom, hull, ship]: a contract under which the owner of a ship pledges the ship as collateral for a loan to finance a journey money lent on… …   Law dictionary

• bottomry — [bät′əm rē] n. [< BOTTOM, n. 9, after Du bodomerij, bottomry] a contract by which a shipowner borrows money for equipment, repairs, or a voyage, pledging the ship as security …   English World dictionary

• Bottomry — Bot tom*ry, n. [From 1st {Bottom} in sense 8: cf. D. bodemerij. Cf. {Bummery}.] (Mar. Law) A contract in the nature of a mortgage, by which the owner of a ship, or the master as his agent, hypothecates and binds the ship (and sometimes the… …   The Collaborative International Dictionary of English

• bottomry — /botgmriy/ In maritime law, a contract by which the owner of a ship borrows for the use, equipment, or repair of the vessel, and for a definite term, and pledges the ship (or the keel or bottom of the ship, pars pro toto) as security; it being… …   Black's law dictionary

• bottomry — /botgmriy/ In maritime law, a contract by which the owner of a ship borrows for the use, equipment, or repair of the vessel, and for a definite term, and pledges the ship (or the keel or bottom of the ship, pars pro toto) as security; it being… …   Black's law dictionary

• bottomry bond — An instrument which sets forth a contract of bottomry. See bottomry bond …   Ballentine's law dictionary

• bottomry — /bot euhm ree/, n., pl. bottomries. 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. [1615 25; modeled on D bodemerij, equiv. to bodem BOTTOM + erij… …   Universalium

• bottomry — noun An early form of maritime contract in which money could be borrowed by the owner of a ship using the ship as collateral …   Wiktionary

• bottomry — /ˈbɒtəmri/ (say botuhmree) noun 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. {modelled on Dutch bodemerij, from boden keel of a ship} …  

• bottomry — A contract, usually executed in a foreign port by the master of a vessel, for repayment of advances made to supply the necessities of the ship, together with such interest as may be agreed upon, the performance whereof is secured by a pledge of… …   Ballentine's law dictionary