Bottomry
id:
bottomry-287-13058651
title:
Bottomry
text:
A bottomry, or bottomage, is an arrangement in which the master of a ship borrows money upon the bottom or keel of it, so as to forfeit the ship itself to the creditor, if the money with interest is not paid at the time appointed at the ship's safe return. This occurs, for example, where the ship needs urgent repairs during the course of its voyage or some other emergency arises and it is not possible for the master to contact the owner to arrange funds, allowing the master to borrow money on th
brand slug:
wiki
category slug:
encyclopedia
description:
Arrangement in which the master of a ship borrows money using the ship as collateral
original url:
https://en.wikipedia.org/wiki/Bottomry
date created:
date modified:
2024-03-06T01:34:09Z
main entity:
{"identifier":"Q889877","url":"https://www.wikidata.org/entity/Q889877"}
image:
fields total:
13
integrity:
14