Bottomry in United States

Bottomry Definition

A contract in the nature of a mortgage, by which the owner of a ship, or the master, as his agent, borrows money for the use of the ship, and for a specified voyage, or for a definite period, pledges the ship (or the keel or bottom of the ship, pars pro to to) as a security for its payment, with maritime or extraordinary interest on account of the marine risks to be borne by the lender; it being stipulated that if the ship be lost in the course of the specified voyage, or during the limited time, by any of the perils enumerated in the contract, the lender shall also lose his money. 2 Hagg. Adm. 48..53; 2 Sumn. (U.S.) 157; Abb. Shipp. 117-131. Where the loan is made on the credit of the cargo alone, the contract is called respondentia (q.v.)

Bottomry in Foreign Legal Encyclopedias

Link	Description
Bottomry	Bottomry in the World Legal Encyclopedia.
Bottomry	Bottomry in the European Legal Encyclopedia.
Bottomry	Bottomry in the Asian Legal Encyclopedia.
Bottomry	Bottomry in the UK Legal Encyclopedia.
Bottomry	Bottomry in the Australian Legal Encyclopedia.

For starting research in the law of a foreign country:

Browse the American Encyclopedia of Law for Bottomry

Scan Bottomry in the appropriate area of law:

Link	Description
Bottomry	Bottomry in the Family Law Portal of the American Encyclopedia of Law.
Bottomry	Bottomry in the IP Portal of the American Encyclopedia of Law.
Bottomry	Bottomry in the Commercial Law Portal of the American Encyclopedia of Law.
Bottomry	Bottomry in the Criminal Law Portal of the American Encyclopedia of Law.
Bottomry	Bottomry in the Antritrust Portal of the American Encyclopedia of Law.
Bottomry	Bottomry in the Bankruptcy Law Portal of the American Encyclopedia of Law.
Bottomry	Bottomry in the Constitutional Law Portal of the American Encyclopedia of Law.
Bottomry	Bottomry in the Tax Law Portal of the American Encyclopedia of Law.
Bottomry	Bottomry in the and Finance and Banking Portal of the American Encyclopedia of Law.
Bottomry	Bottomry in the Employment and Labor Portal of the American Encyclopedia of Law.
Bottomry	Bottomry in the Personal Injury and Tort Portal of the American Encyclopedia of Law.
Bottomry	Bottomry in the Environmental Law Portal of the American Encyclopedia of Law.

Explore other Reference Works

Resource	Description
Bottomry in the Dictionaries	Bottomry in our legal dictionaries
http://lawi.us/bottomry	The URI of Bottomry (more about URIs)
Bottomry related entries	Find related entries of Bottomry

Legal Issue for Attorneys

A contract in the nature of a mortgage, by which the owner of a ship, or the master, as his agent, borrows money for the use of the ship, and for a specified voyage, or for a definite period, pledges the ship (or the keel or bottom of the ship, pars pro to to) as a security for its payment, with maritime or extraordinary interest on account of the marine risks to be borne by the lender; it being stipulated that if the ship be lost in the course of the specified voyage, or during the limited time, by any of the perils enumerated in the contract, the lender shall also lose his money. 2 Hagg. Adm. 48..53; 2 Sumn. (U.S.) 157; Abb. Shipp. 117-131. Where the loan is made on the credit of the cargo alone, the contract is called respondentia (q.v.)

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Notice

This definition of Bottomry Is based on the The Cyclopedic Law Dictionary . This definition needs to be proofread..

Bottomry