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 upon goods laden on board a ship.

Etymologies

from Wiktionary, Creative Commons Attribution/Share-Alike License

From Latin respondentia; see also respondence.

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