Old and redundant rope from a ship would be sold ashore and the proceeds divided up amongst the crew. This was a bonus and required no effort from the crew so became regarded as an easy way to make money.However, there is another version which is that the old rope onboard was used a caulking to stop leaks between deck planks. This would also mean that old ropes had a second use at no cost but this time it was the Navy that made the savings. The meaning ends up as being the same.
By SailingQuiz October 2019 Category: Nautical Saying
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What does Money for old rope. mean?
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Definition of the nautical phrase "Money for old rope.".