bottomry
bottomry noun: an early form of maritime contract in which the owner of a ship could borrow money using the ship as collateral.
Noun
bottomry (countable and uncountable, plural bottomries)
- An early form of maritime contract in which the owner of a ship could borrow money using the ship as collateral.
- Section 10 states that, ‘The lender of money on bottomry and respondentia has an insurable interest in respect of the loan’. A lender on ‘bottomry’ is, as its name suggests, a person who advances money to a shipowner on the security of (the bottom [of]) the ship.1996, Susan Hodges, Law Of Marine Insurance, page 19
- 1999 [1880], John Bouvier, Daniel A. Gleason, Institutes of American Law, Volume 1, New Edition, page 309,
There is much resemblance between bottomry and insurance. In one, the lender takes the risks, and in the other, the insurer. […] If these contracts resemble each other, there are also many...
bottomry meaning in Tamil
bottomry in Tamil
- கப்பல் பிணையம் வைத்துக்கடன் பெறு
Forms of bottomry
| plural | bottomries |
|---|
Origin of bottomry
From bottom + -ry; see bottom (“hull”).
Questions about bottomry
- What does bottomry mean?
- Bottomry means an early form of maritime contract in which the owner of a ship could borrow money using the ship as collateral.
- What is bottomry in Tamil?
- Bottomry in Tamil is கப்பல் பிணையம் வைத்துக்கடன் பெறு. See Bottomry meaning in Tamil.
- What part of speech is bottomry?
- Bottomry is a noun.
- What is the plural of bottomry?
- The plural of bottomry is bottomries.
Words near bottomry in the dictionary
Source and license
Adapted from Wiktionary: bottomry (page history and authors); bottomry (Tamil Wiktionary) (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
Last updated:
Cite this entry: “bottomry.” Word.ws, https://word.ws/bottomry. Based on Wiktionary, CC BY-SA 4.0.