admiralty bond

noun

: a bond furnished by vessel or cargo owners in admiralty proceedings as security for the payment of legal claims to other vessel or cargo owners

Word History

First Known Use

1826, in the meaning defined above

Time Traveler
The first known use of admiralty bond was in 1826

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Dictionary Entries Near admiralty bond

admiralty

admiralty bond

admiralty brass

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Cite this Entry

“Admiralty bond.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/admiralty%20bond. Accessed 1 Dec. 2024.

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