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单词 bottomry
释义

bottomry

Definition
Arrangement in which a ship's keel (hence the ship structure), but not its cargo, was pledged as the security for a loan. It was based on the ancient Greek tradition where all loans on a ship were canceled if it failed to return to its home port, and is the forerunner of today's marine insurance practices. See also bottomry bond.
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更新时间:2025/4/29 11:50:12