bottomry noun & verb. ['bɒtǝmri] L16.
[from BOTTOM noun + -RY, after Dutch bodemerij.]
A. noun. The system of lending money to the owner or master of a ship on the security of the ship for the purpose of completing a voyage, the lender losing the money if the ship is lost. L16.
b. verb trans. Pledge (a ship) thus. M18.

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