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Bottomry

Using the ship as collateral to finance a sea voyage.

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Related terms

bottomry
Boat; General boating

Pledging a ship as security in a financial transaction.

bottomry
Transportation; Boats & ships

Using the ship as collateral to finance a sea voyage.

bottomry
Transportation; Nautical

pledging a ship as security in a financial transaction.

bottomry
Financial services; General Finance

Authority given to a banker to dispose of goods pledged as security against a loan. For example, the pledging of a ship as collateral against emergency loans needed for repairs, ...

bottomry
Law; Legal services; General law

A loan using a boat as security, often to repair or equip the boat.

bottomry
Law; General law

A loan using a boat as security, often to repair or equip the boat.

range
Transportation; Boats &ships

Distance a boat can travel at cruising speed on a tank of fuel. Also, the distance to an object. Lastly, in intracoastal navigation, a set of two markers that, when lined up one ...

variation
Transportation; Boats &ships

Compass variable that accounts for the difference in degrees between true north and magnetic north.

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