Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. A loan upon goods laden on board a ship.

from the GNU version of the Collaborative International Dictionary of English

  • n. A loan upon goods laden on board a ship. It differs from bottomry, which is a loan on the ship itself.

from The Century Dictionary and Cyclopedia

  • n. A loan on the cargo of a vessel, payment being contingent on the safe arrival of the cargo at the port of destination—the effect of such condition being to except the contract from the common usury laws. See bottomry.

Etymologies

From Latin respondentia; see also respondence. (Wiktionary)

Examples

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