BOTTOMRY

Dictionary of Science, Literature and Art · 1854 · p. 4

In Commercial Law, is in effect a inort gage of a ship, being an agreement entered into by an owner or his agent, whereby, in consideration of a sum of money advanced for the use of the ship, the borrower undertake store pay the same, with interest, if the ship ter minate her voyage succe fully; and binds or hypo the [s. 176]