Mexican Spanish Meaning of bottomry

préstamo a la gruesa

Other Mexican Spanish words related to préstamo a la gruesa

No Synonyms and anytonyms found

Definitions and Meaning of bottomry in English

Webster

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

préstamo a la gruesa

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 => más bajo, bottomlessness => sin fondo, bottomless => sin fondo, bottomland => Tierra baja, bottoming => fondo,