What is another word for ship mortgage?
Pronunciation: [ʃˈɪp mˈɔːɡɪd͡ʒ] (IPA) 
A ship mortgage is a legal agreement that allows the shipowner to borrow money from a lender while using the ship as collateral. However, there are several other terms that can be used interchangeably with ship mortgage. Some of the synonyms for ship mortgage include a maritime lien, vessel financing, vessel mortgage, and ship financing. These terms are commonly used in the maritime industry to refer to the same legal process of securing funds through the ownership of a ship. Regardless of the terminology used, obtaining financing through a ship mortgage can be an effective way for shipowners to obtain necessary funds to operate or expand their businesses.
