Bottomry
Legal definition for Indian law research
Definition
bottomry
[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 for…equipping the vessel "Louisiana Civil Code"] compare respondentia
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.