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Bottomry - Law Dictionary Search Results

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bottomry

Matched in: Term bottomry

Bottomry

Matched in: Term Bottomry

Bottomry Bond, or Contract, also Bottomree, or Bummaree

Matched in: Term Bottomry Bond, or Contract, also Bottomree, or Bummaree

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Hypothecate

pledge without delivery of possession to mortgage as ships or other personal property to make a contract by bottomry See Hypothecation Bottomry

respondentia

borrower who must “answer” for the money] : a loan secured by the goods on one's ship compare bottomry

VerbarRespondentia

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

Bills of gross adventure

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

Bond

secure duty on dutiable goods to the Crown while in a merchant's or shipper's warehouse. See BONDED WAREHOUSE; BOTTOMRY BOND; LLYOD'S BOND. Includes any instrument whereby a person obliges himself to pay money to another, on condition

Hypothecation

the strict sense of the Roman Law exists. The nearest approaches, perhaps, are the cases of holders of bottomry bonds, and of seamen to whom wages are due in the merchant service, who have a claim against

Lien

Courts of Admiralty have been constantly in the habit of decreeing a sale to satisfy maritime lines--such as bottomry-bonds, seamen's wages, repairs of foreign ships, salvage, and other claims of a kindred nature (see MARITIME LIEN), and

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