Definitions
from The Century Dictionary.
- 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. See
bottomry .
from the GNU version of the Collaborative International Dictionary of English.
- noun (Commercial Law) 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 law A
loan upongoods laden on board aship .
Etymologies
from Wiktionary, Creative Commons Attribution/Share-Alike License
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Examples
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Quòd spectra comminiscuntur, se ad montem Heclam ire respondentia, ait idem.
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Qu騞 spectra comminiscuntur, se ad montem Heclam ire respondentia, ait idem.
The Principal Navigations, Voyages, Traffiques and Discoveries of the English Nation 2003
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I will now bring forward the ultimatum respondentia, and cap the great climax of logic, by quoting an inconceivable principle of law, as laid down in Latin, by Pothier, Hudibras, Blackstone, Hannibal, and
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Second, To insure upon the stock or mutual plan, ves - sels, 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.
Miles Wallingford Sequel to "Afloat and Ashore" James Fenimore Cooper 1820
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