WebBottomry definition: A contract by which a shipowner borrows money for equipment, repairs, or a voyage, pledging the ship as security. Webbottomry-bond. The contract of bottomry is a negotiable instrument, which may be put in suit by the person to whom it is transferred: it is in use in all countries of maritime …
Bottomage legal definition of Bottomage - TheFreeDictionary.com
WebMeanings of the word Tolery - تولیری in English is bottomry. To understand how would you translate the word Tolery - تولیری in English, you can take help from words closely related to Tolery - تولیری or it’s English translations. Some of these words can also be considered Tolery - تولیری synonyms. Webbottomry in British English (ˈbɒtəmrɪ ) noun Word forms: plural -ries maritime law a contract whereby the owner of a ship borrows money to enable the vessel to complete the voyage and pledges the ship as security for the loan Collins English Dictionary. Copyright © HarperCollins Publishers Word origin dji outlet store
LOAN ON BOTTOMRY AND RESPONDENTIA; AVERAGE Flashcards - Quizlet
Webbottomry, 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, … 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. This occurs, for example, where the ship needs urgent repairs during the course of its voyage or some other emergency arises and it is not possible for the master to contact the owner to arran… Weba contract by which the owner of a ship borrows for the use, equipment, or repair of the vessel, and for a definite term, and pledges, the ship (or the keel or bottom of the ship, pars pro toto) as security, it being stipulated that if the ship be lost in the specified voyage, or during the limited time, by any of the perils enumerated, the … dji otg