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bottomry

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bottomry
▪ I. bottomry (ˈbɒtəmrɪ) Also 7 bottommarie, -y, bodomery, 8 bottomree, bottomery. [f. bottom n. 7 + -ry, after Du. bodmerij.] A species of contract of the nature of a mortgage, whereby the owner of a ship, or the master as his agent, borrows money to enable him to carry on or complete a voyage, and... Oxford English Dictionary
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Bottomry
Due to the bottomry bond's relatively low priority as against other liens in the event of a libel against the ship, the use of bottomry bonds declined By its nature, bottomry was prone to insurance fraud. wikipedia.org
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bottomarie
bottomarie, -ery obs. forms of bottomry. Oxford English Dictionary
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Bottom
See also Bott Bottoming (disambiguation) Bottomry wikipedia.org
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bummery
† ˈbummery Obs. [a. Du. bommerye (Hexham), bodmerij; see bottomry n.] = bottomry.1663 Pepys Diary 25 Nov. He advised me in things I desired, about bummary, and other ways of putting out money as in parts of ships. 1668 Child Disc. Trade (1698) 144 Bills of Bottomry or Bumery. a 1734 North Lives II. ... Oxford English Dictionary
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Alexander Annesley
A Compendium of the Law of Marine Insurance, Bottomry, Insurance on Lives, and of Insurance against Fire, in which the mode of calculating averages is defined and illustrated by example, 1808 Notes References External links A compendium of the law of marine insurances, bottomry, insurance on lives, wikipedia.org
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bottomrer
† ˈbottomrer Obs. In 7 bodomerer. [f. bottomry v. + -er1.] One who lends money on a bottomry bond.1682 J. Scarlett Exchanges 253 The sum of the damage..must be deducted from the Sums that D. E. and G. are to receive, they being as Bodomerers or Assurers. Oxford English Dictionary
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Exeter (1793 ship)
Whitford had to enter into several bottomry bonds to finance the repairs. wikipedia.org
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bottomage
† ˈbottomage Obs. = bottomry.1678 in Phillips; hence in Bailey, etc. Oxford English Dictionary
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Nicholas Magens
1697 or 1704–1764) was an attorney, a merchant specializing in Spain and her colonies in America, and an expert on ship insurance, general average and bottomry wikipedia.org
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subrogation
subrogation (sʌbrəˈgeɪʃən) [ad. L. subrogātio, -ōnem, n. of action f. subrogāre to subrogate. Cf. F. subrogation, Sp. subrogacion, Pg. subroga{cced}ão and see surrogation.] † 1. Substitution. Obs.1418–20 Lydg. Chron. Troy iv. 334 [He] seide it was noon eleccioun, But a maner subrogacioun, Be-cause h... Oxford English Dictionary
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respondentia
‖ respondentia (rɛspɒnˈdɛnʃ(ɪ)ə) [mod.L.] A loan upon the cargo of a vessel, to be repaid (with maritime interest) only if the goods arrive safe at their destination. (Cf. bottomry.)1727 A. Hamilton New Acc. E. Ind. II. xxxiii. 14 There was one Captain Perrin Master of a Ship, who took up about 500{... Oxford English Dictionary
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Austrian East India Company
It consequently suffered chronic lack of cash and had to resort to short term loans and bottomry bonds (for which the ships themselves were the collateral wikipedia.org
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Lien
See also Bottomry Detinue Distraint False lien Mechanic's lien Mortgage Pawnbroker Replevin Repossession Security interest#Legal lien Tax lien wikipedia.org
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maritime
maritime, a. and n. (ˈmærɪtaɪm) Forms: α. 6 myrytayne, maritayne, 7 maritan(e, maritin, marratine, maretine, 7–8 maritine; β. 7 marittime, 7–8 maritim, 6– maritime. [ad. L. maritim-us, f. mari-, mare sea + suffix -timus (occurring in fīnitimus neighbouring, lēgitimus lawful; also forming superlative... Oxford English Dictionary
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