respondentia
Definitions
from The Century Dictionary and Cyclopedia
- noun 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.
from the GNU version of the Collaborative International Dictionary of English
- noun A loan upon goods laden on board a ship. It differs from bottomry, which is a loan on the ship itself.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- noun A loan upon goods laden on board a ship.
Examples
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Second, To insure upon the stock or mutual plan, vessels, freights, goods, money, effects, and money lent on bottomry or respondentia, against the perils of the sea and other perils usually insured against by marine insurance, including risks of inland navigation and transportation.
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"Howsomever, I can enter into the feelin', and a blessed one it is, to get a respondentia bond off of land that belonged to a feller's grandfather.
Note
The word 'respondentia' comes from Latin.
