a mortgage contract in which a ship and/or its freight is pledged as security for
a loan for equipment, repair, or use of a vessel. The contract is generally called
a "bottomry bond. " If the loan is not paid back, the lender can sell the ship and/or
its freight.
law dictionary, legal
dictionary, online law dictionary, legal terms dictionary,
online legal dictionary, legal definition, legal
terms and definition, Best online Dictionary, Law
Dictionary Software, Download Law Dictionary, law
dictionary, legal dictionary, online law dictionary,
legal terms dictionary, online legal dictionary,
legal definition, legal terms and definition, Best
online Dictionary, Law Dictionary Software, Download
Law Dictionary