Freebase(0.00 / 0 votes)Rate this definition: Bottomry. A bottomry, or bottomage, is an arrangement in which the master of a ship borrows money upon the bottom or keel of it, so as to forfeit the ship itself to the creditor, if the money with interest is not paid at the time appointed at the ship's safe return.
Workers can contribute up to $5,500 to an IRA in 2015 or $6,500 if they are age 50 and older. Saving this amount requires a contribution of $458 per month or $542 for people age 50 and older.orkers can contribute up to $5,500 to an IRA in 2015 or $6,500 if they are age 50 and older. Saving this amount requires a contribution of $458 per month or $542 for people age 50 and older.
Here's the maximum amount you can save in your IRA (whether Roth or traditional) next year. I won't keep you in suspense: The 2017 maximum IRA contribution limit is $5,500 (or $6,500 if you're 50 years old or older). Keep in mind that Roth IRAs have different limits based on your income (which can affect your eligibility for a Roth IRA).