Legal Definition of bottomry
: a contract under which the owner of a ship pledges the ship as collateral for a loan to finance a journey money lent on bottomry for…equipping the vessel — Louisiana Civil Code — compare respondentia
Origin and Etymology of bottomry
alteration of earlier bottomary, modification of Dutch bodemerij, from bodem bottom, hull, ship
Learn More about bottomry
Dictionary: Definition of bottomry
Seen and Heard
What made you want to look up bottomry? Please tell us where you read or heard it (including the quote, if possible).