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
3
money given as security for an article acquired for temporary use n
4
the balance to be paid later n money given as security for an article acquired for temporary use n a payment given as a guarantee that an obligation will be met n a facility where things can be deposited for storage or safekeeping n the act of putting something somewhere v put, fix, force, or implant v put into a bank account v put (something somewhere) firmly
5
n the seizure and holding of property as security for payment of a debt or satisfaction of a claim
