"Respondentia" is a word in LAW AND LEGAL, ENGLISH
Respondentia
LAW AND LEGAL
Definition:
The hypothecation of the cargo or goods on board a ship as se-curity for the repayment of a loan, the term “■bottomry” being confined to hypothecations of the ship herself; but now the term “re-spondentia” ls seldom used, and the expression “bottomry” is generally employed, whether the vessel or her cargo or both be the security. Maude & P. Shipp. 433; Smith, Merc. Law, 416. See Maitland v. The At* lantlc, 16 Fed. Cas. 522
respondentia
ENGLISH
Definition:
A loan upon goods laden on board a ship. It differs
from bottomry, which is a loan on the ship itself.
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LAW AND LEGAL
In maritime law. The contract which takes place between the own-er of a ship, the captain, and the mariners, who …
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