Từ vựng:

bottomry

Giải nghĩa:

/ˈbɒtəmri/ – Noun


Definition: Hợp đồng vay tiền dưới dạng thế chấp tàu thuyền.

A more throughout explanation: a largely obsolete system of merchant insurance in which a ship is used as security against a loan to finance a voyage, the lender losing the investment if the ship sinks; a loan of money secured against a ship or against a ship’s cargo

Example: The earliest account of insurance came in the form of ‘bottomry’, a monetary payment that protects traders from debt if merchandise is lost or damaged.

 

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