Yesterday's term was bottomry, which is defined as: ❋ Unknown (2006)
But for a sound investment31 I know of nothing comparable with the initial outlay to form this fund. 32 Any one whose contribution amounts to ten minae33 may look forward to a return as high as he would get on bottomry, of nearly one-fifth,34 as the recipient of three obols a day. ❋ Unknown (2007)
The contract is generally called a "bottomry bond." ❋ Unknown (2006)
In a few days, our adventurer recovered his vigour, complexion, and vivacity; he mingled again in the diversions and parties of the place; and he received, in a little time, the money he had lent upon bottomry, which, together with the interest, amounted to upwards of eleven hundred pounds. ❋ Unknown (2004)
And as he every day received proposals from those brokers whom he had employed, about the disposal of his cash, he at length ventured fifteen hundred pounds upon bottomry, being tempted by the excessive premium. ❋ Unknown (2004)
We should also refer to the contract of bottomry, which consisted of a loan made to the owner -- or in some cases the master -- of a ship, on the security of the ship, to be repaid with interest upon the safe conclusion of a voyage. ❋ George O'Brien (N/A)
And he showed lent out on bottomry seven talents and forty minae, and two thousand (drachmae) invested in the Chersonesus. ❋ 440? BC-380 BC Lysias (N/A)
And when he died in Ephesus, Diogeiton concealed his death from his daughter, and took the documents which he had left sealed, claiming that he must collect by these papers the money lent out on bottomry. ❋ 440? BC-380 BC Lysias (N/A)
A vessel arriving in a foreign port may require repairs and supplies before she can proceed farther on her voyage, and in occasions of this kind a bottomry bond is given. ❋ Various (N/A)
He succeeded to the old lawful thrones, and did not care to adventure bottomry with a Sir Edward ❋ Various (N/A)
"You would hold a bottomry bond -- in other words, a mortgage -- upon the ship for the amount of your debt, which would constitute an ample security for its recovery," I replied. ❋ Harry Collingwood (1886)
Legal possession once obtained, Leicester had no difficulty in raising money by means of a bottomry bond, and with this he provisioned the brig for six months, intending to take out letters of marque, and endeavour to make good his losses -- a resolution in which he was cordially seconded by Bowen. ❋ Harry Collingwood (1886)
Again there was no prohibition against loans on bottomry, and ❋ Unknown (1885)
Plymouth in the autumn of the previous year, to venture all his spare capital on the bottomry security of an Italian brig which had put into the harbour in distress. ❋ Thomas Hardy (1884)
A capitalist might lend on bottomry or on personal security; but, if he did so, he ran ❋ Walter Bagehot (1851)
This would leave six thousand four hundred crowns, from which he would take forty per cent., for bottomry, amounting to two thousand five hundred and sixty crowns. ❋ Unknown (1836)
Wapping, and whose trade was to furnish the seafaring men there with money at high interest, had some time before lent a sum on bottomry. ❋ Thomas Babington Macaulay Macaulay (1829)
A capitalist might lend on bottomry or on personal security; but, if he did so, he ran a great risk of losing interest and principal. ❋ Thomas Babington Macaulay Macaulay (1829)
The legal rate of interest was fixed by Justinian at six per cent.; but for the convenience and encouragement of trade, eight was allowed on money lent to merchants and manufacturers; and twelve on the risk of bottomry. ❋ William Stevenson (1784)
He advised me in things I desired about, bummary, -- [bottomry] -- and other ways of putting out money as in parts of ships, how dangerous they are, and lastly fell to talk of the Dutch management of the Navy, and I think will helpe me to some accounts of things of the Dutch Admiralty, which I am mighty desirous to know. ❋ Samuel Pepys (1668)
