We've got 0 shorthands for bottomry-bond »
Acronyms that contain the term bottomry-bond
What does bottomry-bond mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: bottomry-bond.
We couldn't find any results for your search.
Couldn't find the right meaning of bottomry-bond?
Maybe you were looking for one of these abbreviations:
BOTRK, BOTS, BOTSB, BOTT, BOTTOM BUNK, BOTU, BOTUS, BoTV, BOTW, BOTX
... or use our Power Search technology to look
for more unique definitions from across the web!
Search the web
What does bottomry-bond mean?
- bottomry-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 commerce and interests. A contract in the nature of a mortgage of a ship, when the owner of it borrows money to enable him to carry on the voyage, and pledge the keel, or bottom of the ship, as a security for the repayment. If the ship be lost the lender also loses his whole money; but if it return in safety then he shall receive back his principal, and also the premium stipulated to be paid, however it may exceed the usual or legal rate of interest. The affair is, however, only regarded as valid upon the ground of necessity; and thus exacting more than the interest allowed by law is not deemed usury.
Know the definition for bottomry-bond? Know the meaning of bottomry-bond? Don't keep it to yourself!
Citation
Use the citation options below to add these abbreviations to your bibliography.
Style:MLAChicagoAPA
"bottomry-bond." Abbreviations.com. STANDS4 LLC, 2024. Web. 8 May 2024. <https://www.abbreviations.com/bottomry-bond>.
Discuss these bottomry-bond abbreviations with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In