Respondentia
Definition, Meaning & Examples
Part of speech noun
Quick meaning: Respondentia is a noun meaning (law, commercial law) A loan upon goods laden on board a ship.
Meaning
(law, commercial law) A loan upon goods laden on board a ship.
Example Sentences
In some places of Italy, money may be lent on respondentia to persons who are not interested in the ship, but those loans must be made in the form of a wager.
1831, William Selwyn, Henry Wheaton (notes to the decisions), Thomas I. Wharton (additional notes), An Abridgement of the Law of Nisi Prius, Volume 2, 4th American Edition, page 230, In the case of a loan, the money is at the risk of the borrower, and must be repaid at all events. But where money is lent on bottomry or respondentia, the money is at the risk of the lender during the voyage.
Word Forms
- respondentias
Related Words
Related dictionary entries include bottomry, commodatum, recaption, respondent, locum, seafare.
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Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
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