bottomries
plural of bottomry
Source: Wiktionary
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
19 May 2024
(noun) (computer science) written programs or procedures or rules and associated documentation pertaining to the operation of a computer system and that are stored in read/write memory; “the market for software is expected to expand”
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