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Bottomry Bond

A Dictionary of Law · Henry Campbell Black · 1891

A Dictionary of Law

The instrument embodying the contract or agreement of bottomry. The true definition of a bottomry bond, in the sense of the general maritime law, and independent of the peculiar regulations of the positive codes of different commercial nations, is that itis acoutract for a loan of money on the bottom of the ship, at an extraordinary interest, upon maritime risks, to be borne by the lender for a voyags, or for a definite period.

2 Sum, 157.