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Word | Bottomry |
Tamil Meaning | அடகுப், அடகு, கப்பல் பயண இடர் ஏற்று அளிக்கப்படும் பிணையக்கடன ஒப்பந்தம், (வினை)கப்பல் பிணையம் வைத்துக்கடன் பெறு. |
A contract in the nature of a mortgage, by which the owner of a ship, or the master as his agent, hypothecates and binds the ship (and sometimes the accruing freight) as security for the repayment of money advanced or lent for the use of the ship, if she terminates her voyage successfully. If the ship is lost by perils of the sea, the lender loses the money, | |
Usage | |
Synonyms | bond, deposit, hock, lien, mortgage, pawn, pledge, post, put up, spout, stake, |
Antonyms | |
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