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Bottomry :: Bottomry (n.) A contract in the nature of a mortgage, by which the owner of a ship, or the master as his agent, hypothecates and binds the ship (and sometimes the accruing freight) as security for the repayment of money advanced or lent for the use of the ship, if she terminates her voyage successfully. If the ship is lost by perils of the sea, the lender loses the money; but if the ship arrives safe, he is to receive the money lent, with the interest or premium stipulated, although it may, and

Satisfy :: Satisfy (v. i.) To make payment or atonement; to atone.

Security :: Security (n.) Something given, deposited, or pledged, to make certain the fulfillment of an obligation, the performance of a contract, the payment of a debt, or the like; surety; pledge..

Backwardation :: Backwardation (n.) The seller's postponement of delivery of stock or shares, with the consent of the buyer, upon payment of a premium to the latter; -- also, the premium so paid. See Contango..

Hypothecation :: Hypothecation (n.) A contract whereby, in consideration of money advanced for the necessities of the ship, the vessel, freight, or cargo is made liable for its repayment, provided the ship arrives in safety. It is usually effected by a bottomry bond. See Bottomry..

Pawn :: Pawn (n.) Anything delivered or deposited as security, as for the payment of money borrowed, or of a debt; a pledge. See Pledge, n., 1..

Remunerative :: Remunerative (a.) Affording remuneration; as, a remunerative payment for services; a remunerative business..

Dutiable :: Dutiable (a.) Subject to the payment of a duty; as dutiable goods.

Surety :: Surety (n.) One who is bound with and for another who is primarily liable, and who is called the principal; one who engages to answer for another's appearance in court, or for his payment of a debt, or for performance of some act; a bondsman; a bail..

Defrayal :: Defrayal (n.) The act of defraying; payment; as, the defrayal of necessary costs..

Tuition :: Tuition (n.) The money paid for instruction; the price or payment for instruction.

Discharge :: Discharge (v. t.) Act of removing, or getting rid of, an obligation, liability, etc.; fulfillment, as by the payment of a debt, or the performance of a trust or duty..

Defrayment :: Defrayment (n.) Payment of charges.

Pension :: Pension (n.) A stated allowance to a person in consideration of past services; payment made to one retired from service, on account of age, disability, or other cause; especially, a regular stipend paid by a government to retired public officers, disabled soldiers, the families of soldiers killed in service, or to meritorious authors, or the like..

Wage :: Wage (v. t.) That for which one labors; meed; reward; stipulated payment for service performed; hire; pay; compensation; -- at present generally used in the plural. See Wages.

Appropriation :: Appropriation (n.) The application of payment of money by a debtor to his creditor, to one of several debts which are due from the former to the latter..

Funding :: Funding (a.) Providing a fund for the payment of the interest or principal of a debt.

Subsidiaries :: Subsidiary (a.) Of or pertaining to a subsidy; constituting a subsidy; being a part of, or of the nature of, a subsidy; as, subsidiary payments to an ally..

Weekly :: Weekly (a.) Coming, happening, or done once a week; hebdomadary; as, a weekly payment; a weekly gazette..

Hypothec :: Hypothec (n.) A landlord's right, independently of stipulation, over the stocking (cattle, implements, etc.), and crops of his tenant, as security for payment of rent..

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