bottomry
From WikiWord, the free dictionary
English
Definitions
noun
- An early form of maritime contract in which owner of a ship could borrow money using the ship as collateral.
Related words
Synonyms
maritime loangross adventurerespondentiaborrowbearer bondhypothecationborrowingsuretyshippledgemarine interestcharterbinderdebenturecabotagecommodatumbailment