bottomry

[ bot-uh m-ree ]
/ ˈbɒt əm ri /

noun, plural bot·tom·ries. Marine Law.

a contract, of the nature of a mortgage, by which the owner of a ship borrows money to make a voyage, pledging the ship as security.

Origin of bottomry

1615–25; modeled on Dutch bodemerij, equivalent to bodem bottom + -erij -ry

Words nearby bottomry

bottom-up programming, bottoming, bottomless, bottomless pit, bottommost, bottomry, bottoms up, bottomset bed, bottrop, botts dots, botulin

Example sentences from the Web for bottomry

British Dictionary definitions for bottomry

bottomry
/ (ˈbɒtəmrɪ) /

noun plural -ries

maritime law a contract whereby the owner of a ship borrows money to enable the vessel to complete the voyage and pledges the ship as security for the loan

Word Origin for bottomry

C16: from Dutch bodemerij, from bodem bottom (hull of a ship) + -erij -ry