DICT.TW Dictionary Taiwan
18.188.20.56
Search for:
▼[Show options]
[Pronunciation] [Help] [Database Info] [Server Info]

2 definitions found

From: DICT.TW English-Chinese Dictionary 英漢字典

 bottomry
 船舶抵押契約,冒險借貸

From: Webster's Revised Unabridged Dictionary (1913)

 Bot·tom·ry n.  Mar. Law A contract in the nature of a mortgage, by which the owner of a ship, or the master as his agent, hypothecates and binds the ship (and sometimes the accruing freight) as security for the repayment of money advanced or lent for the use of the ship, if she terminates her voyage successfully. If the ship is lost by perils of the sea, the lender loses the money; but if the ship arrives safe, he is to receive the money lent, with the interest or premium stipulated, although it may, and usually does, exceed the legal rate of interest. See Hypothecation.
 ◄ ►