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.
• 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.
• Excentral
  Out of the center.

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