bottomry bond

A contract for the loan of money on a ship, usu. at extraordinary interest, for maritime risks encountered during a certain period or for a certain voyage.

• The loan can be enforced only if the vessel survives the voyage.

— Also termed bottomage bond. Cf. respondentia bond. [Cases: Shipping 89–100. C.J.S. Shipping §§ 223–231.]

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词条贡献者

法律翻译Denise，毕业于一所旨在培养高级翻译专业人才的翻译院校，专注翻译各类与专利与商标的授权与起诉有关的法律文件。