Korean Meaning of bottomry
선박저당대출
Other Korean words related to 선박저당대출
No Synonyms and anytonyms found
Nearest Words of bottomry
Definitions and Meaning of bottomry in English
bottomry (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.
FAQs About the word bottomry
선박저당대출
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 fr
No synonyms found.
No antonyms found.
bottommost => 가장 낮은, bottomlessness => 바닥없는, bottomless => 바닥 없음, bottomland => 저지대, bottoming => 바닥,