bottomry in English

noun
1
a system of merchant insurance in which a ship is used as security against a loan to finance a voyage, the lender losing the investment if the ship sinks.
Some of the more technical errors, like confusing ‘ bottomry ’ loans (on ships) with ‘respondentia’ loans (on cargo), would perhaps be partially understandable were not the author a legal scholar.

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Below are sample sentences containing the word "bottomry" from the English Dictionary. We can refer to these sentence patterns for sentences in case of finding sample sentences with the word "bottomry", or refer to the context using the word "bottomry" in the English Dictionary.

1. [home, info] Bottomry: Infoplease Dictionary [home, info] Bottomry: Dictionary.com [home, info] Bottomry: Wikipedia, the Free Encyclopedia [home, info] Bottomry: Online Plain Text English Dictionary [home, info] Bottomry: Webster's Revised Unabridged, 1913 Edition [home, info]

2. Bottomry BOND The instrument embodying the contract or agreement of Bottomry

3. Bottomry is also called bottomage.

4. Bottomries meaning Plural form of bottomry.

5. Definition of Bottomry in the Definitions.net dictionary

6. What does Bottomry mean? Information and translations of Bottomry in the most comprehensive dictionary definitions resource on the web.

7. Bottomry: Webster's New World College Dictionary, 4th Ed

8. Definition of Bottomry-bond in the Definitions.net dictionary

9. Bottomry differs materially from a simple loan

10. Bottomries; bottomry; Two Letter Pairs in bottom

11. What does Bottomry-bond mean? Information and translations of Bottomry-bond in the most comprehensive dictionary definitions resource on the web.

12. Bottomry - WordReference English dictionary, questions, discussion and forums

13. The instrument embodying the contract or agreement of Bottomry

14. Bottomry Bonds in the Seventeenth-Century Admiralty Court by GEORGE F

15. Bottomry is an ancient and largely archaic form of maritime lien

16. Bottomry finances the ship's ability to transport cargo for one or more clients

17. So-called Bottomry contracts were known to merchants of Babylon as early as 4000–3000 bce. Bottomry was also practiced by the Hindus in 600 bce and was well understood in …

18. Definition - What does Bottomry mean? Bottomry is a credit situation, rarely used today, in which the owner of a ship or its captain obtains a loan with the ship as the collateral

19. Bottomry bond is the contract for the loan of money on a ship

20. (5) Early policies on hull and cargo were in the form of Bottomry and respondentia

21. The captain of a ship obtains a loan on Bottomry at the shipowner’s expense

22. Bottomry Law and Legal Definition In Maritime Law, Bottomry is a contract in which a ship owner mortgages the ship’s bottom or keel as a security for the money borrowed to finance a voyage

23. But in Bottomry, the money is at the risk of the lender during the voyage

24. Bot·​tom·​ry \ ˈbä-təm-rē \ Legal Definition of Bottomry : 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 …

25. A Bottomry bond is usually executed for maritime risks encountered during a certain period or for a certain voyage

26. Bottomry in the civil law of bourgeois states, a loan agreement on pledge of a vessel and its cargo

27. Bottomry translation in English - Spanish Reverso dictionary, see also 'bottom',bottoms',bottom gear',bottom price', examples, definition, conjugation

28. ‘That the Bottomry bond of 27th October, 1796, was given for monies long before advanced, and to be advanced, and not for necessaries advanced upon the credit of this security on the ship.’ ‘I wrote a history of insurance and Bottomry was one of the terms.’

29. As nouns the difference between respondentia and Bottomry is that respondentia is (legalcommercial law) a loan upon goods laden on board a ship while Bottomry is (nautical) an early form of maritime contract in which owner of a ship could borrow money using the ship as collateral.

30. The contract is generally called a "Bottomry bond." If the loan is not paid back, the lender can sell the

31. It differs from Bottomry principally in the following circumstances: Bottomry is a loan on the ship, respondentia on the goods; the money is to be repaid to the lender, with maritime interest, in the one case upon the arrival of the ship, and of the goods in the other

32. Whereas Bottomry is (nautical) an early form of maritime contract in which owner of a ship could borrow money using the ship as collateral.

33. Upon a loan, only legal interest can be received; but upon Bottomry any interest may be legally reserved which the parties agree upon.

34. Bottomry definition: a contract whereby the owner of a ship borrows money to enable the vessel to complete the Meaning, pronunciation, translations and examples

35. Bottomry, referring to the ship's bottom or keel, is a maritime transaction, where the owner of a vessel borrows money and uses the ship itself …

36. Noun (wikipedia bottomry) (Bottomries) (nautical) An early form of maritime contract in which owner of a ship could borrow money using the ship as collateral

37. The true definition of a Bottomry… RESPONDENTIA The hypothecation of the cargo or goods on board a ship as security for the… MARINE INSURANCE contracts

38. 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.

39. The contract is generally called a "Bottomry bond." If the loan is not paid back, the lender can sell the ship and/or its freight.

40. Bottomry or respondentia The following must be stated: The kind, name and registry of the vessels The name ,surname and domicile of the captain The names , surnames and domiciles of the person

41. Bottomry A contract, in maritime law, by which money is borrowed for a specified term by the owner of a ship for its use, equipment, or repair for which the ship is pledged as collateral

42. Bottomry survol afekt krádež пъргаво berkelium Bk97, actinoid element benebelt zadunět 纖巧 纤巧 feedback control otočení ubi construir bimetal únos push-pull switch Dissenter smoorklep cumulativo storm limonaadi Mel osvijetliti okupljanja Fabrikada accolade, applauding under compulsion what a life! soil chemistry minimum

43. A Bottomry lien, if created out of a real or apparent necessity, in good faith, is preferred to every other lien or claim upon the same thing, excepting only a lien for seamen’s wages, a subsequent lien of material-men for supplies or repairs indispensable to the safety of …

44. Bottomry, a maritime contract (now almost obsolete) by which the owner of a ship borrows money for equipping or repairing the vessel and, for a definite term, pledges the ship as security—it being stipulated that if the ship be lost in the specified voyage or period, by …

45. A Bottomry, or bottomage, is an arrangement in which the master of a ship borrows money upon the bottom or keel of it, so as to forfeit the ship itself to the creditor, if the money with interest is not paid at the time appointed at the ship's safe return.

46. In Bottomry, the lender actually furnishes a certain sum of money; in insurance, the insurer furnishes nothing; on the contrary, he receives a premium, which is frequently paid to him at the time of the agreement, but which when it is not paid in cash is a claim which he may assign,

47. : a loan secured by the goods on one's ship — compare Bottomry History and Etymology for respondentia New Latin, from Latin respondent- respondens , present participle of respondere to answer, correspond; from the fact that the loan is only a personal obligation on the part of the borrower who must “answer” for the money

48. Definition of Bottomry A bond entered into by the owner of a ship or his agent, whereby, in consideration of a sum of money advanced for the use of the ship, the borrower undertakes to repay the same with interest if the ship terminate her voyage successfully, the debt being lost in case of […]

49. The true definition of a Bottomry bond, in the sense of the general maritime law, and independent of the peculiar regulations of the positive codes of different commercial nations, is that it is a contract for a loan of money on the bottom of the ship, at an extraordinary interest, upon maritime risks, to be borne by the lender

50. This richly detailed history examines the "origin and development of the contract of Bottomry and Respondentia down to the 11th century A.D., (ii) the traces of methods of insurance other than life known to the Ancients, (iii) The Question whether life assurance was known and practised by the Romans or their predecessors, (iv) The history of