Looking for the meaning of the word BOTTOMRY in English for both noun and verb forms from the Oxford Dictionary? Below, you can explore all possible meanings and definitions of BOTTOMRY with sentence examples. You can also use the “AUDIO PRONUNCIATION” track to check the correct pronunciation in British English.
Word: Bottomry
Speech Type: Noun
Etymology:
late 16th century: from bottom (in the sense ‘ship’) + -ry, influenced by Dutch bodemerij
Audio Pronunciation:
Phonetic Spelling:
ˈbɒtəmri
Dialects: British English
Definition:
a system of merchant insurance in which a ship is used as security against a loan to finance a voyage, the lender losing their money if the ship sinks.
Short Definition:system of merchant insurance in which ship is used as security against loan to finance voyage
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