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Word Meanings - BOTTOMRY - Book Publishers vocabulary database - A contract in the nature of a - selfpublishingguru.com
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Word Meanings - BOTTOMRY - Book Publishers vocabulary database - A contract in the nature of a - selfpublishingguru.com

Word Meanings - BOTTOMRY - Book Publishers vocabulary database

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.

  • Exceptless
    Not exceptional; usual.
  • Freighted
    of Freight
  • Legalization
    The act of making legal.
  • Masterous
    Masterly.
  • Mortgage
    A conveyance of property, upon condition, as security for the payment of a debt or the preformance of a duty, and to become void upon payment or performance according to the stipulated terms; also, the written instrument by which the conveyance is
  • Agentship
    Agency.
  • Receiver
    One who takes or receives in any manner.
  • Excecation
    The act of making blind.
  • Whichever
    Alt. of Whichsoever
  • Excelsior
    More lofty; still higher; ever upward.
  • Excentral
    Out of the center.
  • Exceptor
    One who takes exceptions.
  • Freighting
    of Freight
  • Legalized
    of Legalize
  • Masterpiece
    Anything done or made with extraordinary skill; a capital performance; a chef-d'oeuvre; a supreme achievement.
  • Mortgaged
    of Mortgage
  • Although
    Grant all this; be it that; supposing that; notwithstanding; though.
  • Receivership
    The state or office of a receiver.
  • Excedent
    Excess.
  • Whichsoever
    Whether one or another; whether one or the other; which; that one (of two or more) which; as, whichever road you take, it will lead you to town.

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