respondentia

Definition of "respondentia"
  1. A type of loan that uses the cargo of a ship as collateral
How to use "respondentia" in a sentence
  1. The sailor obtained respondentia for an immediate need, based on the commodities in his vessel.
  2. In maritime law, respondentia typically carries a higher interest rate due to the risk involved.
  3. The lender was reluctant to provide respondentia, aware of the potential losses if the cargo was damaged or lost at sea.

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