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What is another word for Bottomry?

Pronunciation: [bˈɒtɒmɹi] (IPA)

Bottomry is a term that is rarely used in modern English but was commonly used in the past. It refers to a type of loan that is secured by a ship, its cargo, or both, and is repaid when the ship reaches its destination. Some synonyms for bottomry include maritime loan, ship mortgage, and sea loan. Another less commonly used term is respondentia, which refers to a type of marine insurance in which the lender of the loan is also the insurer of the goods being transported. While the use of bottomry and its synonyms has declined over time, they remain important terms in the maritime industry and are still used in legal and financial documents related to shipping.
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Synonyms for Bottomry:

What are the hypernyms for Bottomry?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Usage examples for Bottomry

A large proportion of this property belongs to the convents in Manila, whose great revenues not only enable them to engage in extensive mercantile operations, but to lend considerable sums to the merchants on Bottomry.
"The Former Philippines thru Foreign Eyes"
Tomás de Comyn Fedor Jagor Rudolf Ludwig Carl Virchow Charles Wilkes
He had been induced, when at Plymouth in the autumn of the previous year, to venture all his spare capital on the Bottomry security of an Italian brig which had put into the harbour in distress.
"Desperate Remedies"
Thomas Hardy
A lender on Bottomry shall have benefit of salvage.
"Our Legal Heritage, 4th Ed."
S. A. Reilly

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