BOTTOMRIES

Noun

bottomries

plural of bottomry

Source: Wiktionary


BOTTOMRY

Bot"tom*ry, n. Etym: [From 1st Bottom in sense 8: cf.D. bodemerij. Cf. Bummery.] (Mar.Law)

Definition: A contract in the nature of a mortgage, by which the owner of a ship, or the master as his agent, hypothecates and binds the ship (and sometimes the accruing freight) as security for the repayment of money advanced or lent for the use of the ship, if she terminates her voyage successfully. If the ship is lost by perils of the sea, the lender loses the money; but if the ship arrives safe, he is to receive the money lent, with the interest or premium stipulated, although it may, and usually does, exceed the legal rate of interest. See Hypothecation.

Source: Webster’s Unabridged Dictionary 1913 Edition



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Word of the Day

11 January 2025

COWBERRY

(noun) low evergreen shrub of high north temperate regions of Europe and Asia and America bearing red edible berries


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Coffee Trivia

According to Guinness World Records, the largest collection of coffee pots belongs to Robert Dahl (Germany) and consists of 27,390 coffee pots as of 2 November 2012, in Rövershagen, Germany.

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