bottomry
noun
bot·tom·ry
ˈbä-təm-rē
: a contract under which the owner of a ship pledges the ship as collateral for a loan to finance a journey
money lent on bottomry for…equipping the vessel—
Louisiana Civil Code
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Louisiana Civil CodeDictionary Entries Near bottomry
Cite this Entry
“Bottomry.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/bottomry. Accessed 1 Dec. 2024.
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