Bottomry - Law Dictionary Search Results

bottomry

bottomry [alteration of earlier bottomary, modification of Dutch bodemerij, from bodem

Bottomry Bond, or Contract, also Bottomree, or Bummaree, a species of

ships or other personal property to make a contract by bottomry See Hypothecation Bottomry

a loan secured by the goods on one's ship compare bottomry

A contract in the nature of a mortgage by which the owner of a ship or the master as his...

upon goods laden on board a ship It differs from bottomry which is a loan on the ship itself

adventure, an instrument in writing which contains a contract of bottomry, respondentia, and every species of maritime loan, Fr. Law.

while in a merchant's or shipper's warehouse. See BONDED WAREHOUSE; BOTTOMRY BOND; LLYOD'S BOND. Includes any instrument whereby a person obliges

The nearest approaches, perhaps, are the cases of holders of bottomry bonds, and of seamen to whom wages are due in

habit of decreeing a sale to satisfy maritime lines--such as bottomry-bonds, seamen's wages, repairs of foreign ships, salvage, and other claims