An arm of the sea. … [Read more...]

In maritime law. A contract in the nature of a mortgage, by which the owner of a ship borrows money for the use, equipment, or repair of the vessel, and for a definite term, and pledges the ship (or the keel or bottom of the ship, pars pro tQto) as a security for its repajment, with maritime or extraordinary interest on account of the marine risks to be borne by the lender; it … [Read more...]

A gratuity, or an unusual or additional benefit conferred upon, or compensation paid to, a class of persons. Iowa v. McFarland, 110 U. S. 471, 4 Sup. Ct. 210, 28 L. Ed. 198. A premium given or offered to induce men to enlist into the public service. The term is applicable only to the payment made to the enlisted man, as the inducement for his service, and not to a premium paid … [Read more...]

A brewing; the whole quantity of ale brewed at one time, for which tolsestor was paid in some manors. Brecina, a brew house. … [Read more...]

The instrument embodying the contract or agreement of bottomry. The true definition of a bottomry bond, in the sense of the general maritime law, and independent of the peculiar regulations of the positive codes of different commercial nations, is that it is a contract for a loan of money on the bottom of the ship, at an extraordinary interest, upon maritime risks, to be borne … [Read more...]