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
2
the financial gain (earned or unearned) accruing over a given period of time
3
n the financial gain (earned or unearned) accruing over a given period of time
