BOTTOMRY is also where a person lends money to a merchant, who wants it in traffic, and the lender is to be paid a greater sum at the return of the ship, standing to the hazard of the voyage. On which account, though the interest be greater than what the law commonly allows, yet it is not usury, because the money being furnished at the lender's hazard, if the ship perishes, he shares in the loss.
BOTTOMRY
article · 399 chars · lineage ↗ · page image at NLS ↗