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Meaning of bottomry

bot•tom•ry

Pronunciation: (bot'um-rē), [key]
— pl. -ries.
  1. a contract, of the nature of a mortgage, by which the owner of a ship borrows money to make a voyage, pledging the ship as security.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.