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FINDLAW LEGAL DICTIONARY

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Bottomry

bottomry n

[alteration of earlier bottomary , modification of Dutch bodemerij , from bodem bottom, hull, ship]
: a contract under which the owner of a ship pledges the ship as collateral for a loan to finance a journey [money lent on for…equipping the vessel "Louisiana Civil Code "] compare respondentia



Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.