bottomry
/'bɒtәmri/
📖 中文释义
- n. 船舶抵押契约
- [法] 冒险借贷, 船舶抵押契约
📘 English Definition（英文释义）
- n. 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.