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" The loan or debt is repayable only in the event of the ship's safe arrival at the port of destination ; and in consideration of this risk, the lender or creditor exacts a premium, the amount of which depends on the nature of the adventure. If the ship... "
Library of Universal Knowledge - Сторінка 243
1879
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Chambers's Encyclopaedia: A Dictionary of Universal Knowledge, Том 2

1891
...debt is repayable only in the event of the ship's safe arrival at the port of destination ; and in consideration of this risk, the lender or creditor...order of date ; but inversely, the latest is preferred to the preceding, because it is presumed that the last loan saved the ship. Bottomry is sometimes granted...
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Wharton's Law-lexicon: Forming an Epitome of the Law of England; and ...

John Jane Smith Wharton - 1892 - 793 стор.
...her keel or bottom is pledged (partem pro toto) as a security for the repayment of a sum of money. If the ship be totally lost, the lender loses his....safely, he recovers his principal, together with the interest agreed upon. Such bonds are allowed as valid in all trading nations, for the benefit of...
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The Columbian Cyclopedia, Том 4

1897
...the ship's safe arrival at the port or desti nation; and in consideration of this risk the lender 01 creditor exacts a premium, the amount of which depends...lost the lender loses his money; but if she returns safety BOTTON Y— BOTZEN. he recovers his principal, together with interest at the rate agreed upon....
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The Students' Law Lexicon: A Dictionary of Legal Words and Phrases ...

William Cox Cochran - 1892 - 348 стор.
...a ship, by which she and her freight are pledged as a security for the repayment of a sum of money. If the ship be totally lost, the lender loses his money; but if she return safely, he recovers his principal, together with the interest agreed upon, which is at a high...
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CHAMBER'S ENCYCLOPEDIA A DICTIONARY OF UNIVERSAL KNOWLEDGE

1901
...arrival at the port of destination; and in consideration of tnis rink, the lender or creditor exacU a premium, the amount of which depends on the nature...order of date ; but inversely, the latest is preferred to the preceding, because it U presumed that the last loan saved the ship. Bottomry is sometimes granted...
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