[f. prec.] trans. To pledge (a ship) as security for money lent: see prec.
1755. Magens, Insurances, I. 26. A Master cannot bottomry his whole Ship at a place where her Owners reside.
1848. Arnould, Mar. Insur., III. viii. (1866), II. 931. The repairs abroad for which the ship was bottomried had been done by strangers.