bottomry

noun

bot·​tom·​ry

ˈbä-təm-rē

: a contract under which the owner of a ship pledges the ship as collateral for a loan to finance a journey

money lent on bottomry for…equipping the vessel

—Louisiana Civil Code

compare respondentia

Word History

Etymology

alteration of earlier bottomary, modification of Dutch bodemerij, from bodem bottom, hull, ship