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单词 bottomry
释义 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 pledges the ship as security for repayment of the money. If the ship is lost, the lender loses his money; but if it arrives safe, he receives the principal together with the interest or premium stipulated, ‘however it may exceed the usual or legal rate of interest’. Also attrib., as in bottomry-bond, bottomry-money.
1622Malynes Anc. Law-Merch. 171 The name Bottommarie is deriued by the Hollanders from the Keele or Bottome of a ship..The money so taken vp by the master of the ship, is commonly done vpon great necessitie..the vse payed for the same is verie great, at 30, 40, and 50 pro cent. without consideration of time.1663Pepys Diary 30 Nov., A master of a ship who had borrowed twice his money upon the bottomary.1682J. Scarlett Exchanges 253 Amongst conditional bills, Bills of Bodomery may be reckoned, that is, Bills that are made upon the Keele of the Ship, which are accidentially conditional.1708Termes de la Ley 86 Bottomry.1741Johnson Debates Parl. (1787) I. 218 It is a common practice to take money upon bottomree.1748Anson Voy. i. i. 9 The remaining [{pstlg}] 5000 they raised on bottomry bonds.1755N. Magens Insurances I. 26 We have no fixed Laws..in England, for settling partial losses on Bottomry-Monies.1842Park Mar. Insur. II. xxii. 869 In this consists the difference between bottomry and respondentia, that the one is a loan upon the ship, the other upon the goods.1848Arnould Mar. Insur. i. iii. 76.
II. bottomry, v.|ˈbɒtəmrɪ|
[f. prec.]
trans. To pledge (a ship) as security for money lent: see prec.
1755N. Magens Insurances I. 26 A Master cannot bottomry his whole Ship at a place where her Owners reside.1848Arnould Mar. Insur. iii. viii. (1866) II. 931 The repairs abroad for which the ship was bottomried had been done by strangers.
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更新时间:2024/9/20 1:06:52