What is BOTTOMRY BOND? Definition of BOTTOMRY BOND in Black's Law Dictionary
The instrument embodying the contract or agreement of bottomry. A contract for a loan on the bottom of the ship, at an extraordinary interest, upon maritime risks, to be borne by the lender for a voyage, or for a definite period. The Grapeshot, 9 Wall. 135, 19 L.Ed. 651.
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That's the definition of BOTTOMRY BOND in Black's Law Dictionary - Courtesy of Cekhukum.com.
