📚 noun • entry_id 39189
bottomry
Meanings (ES + gloss)
préstamo a la gruesa ventura
An early form of maritime contract in which the owner of a ship could borrow money using the ship as collateral.
1999 [1880], John Bouvier, Daniel A. Gleason, Institutes of American Law, Volume 1, New Edition, page 309, There is much resemblance between bottomry and insurance. In one, the len…
Section 10 states that, ‘The lender of money on bottomry and respondentia has an insurable interest in respect of the loan’. A lender on ‘bottomry’ is, as its name suggests, a pers…
Phrases
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Word forms