/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.