Definition of "bottomry" []

• An early form of maritime contract in which owner of a ship could borrow money using the ship as collateral. (noun)

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• "Yesterday's term was bottomry, which is defined as:"
• "But for a sound investment31 I know of nothing comparable with the initial outlay to form this fund. 32 Any one whose contribution amounts to ten minae33 may look forward to a return as high as he would get on bottomry, of nearly one-fifth,34 as the recipient of three obols a day."
• "The contract is generally called a "bottomry bond.""