Search Result for "maritime loan":

The Collaborative International Dictionary of English v.0.48:

Maritime \Mar"i*time\ (m[a^]r"[i^]*t[imac]m, formerly m[a^]r"[i^]*t[i^]m; 277), a. [L. maritimus, fr. mare the sea: cf. F. maritime. See Mere a pool.] 1. Bordering on, or situated near, the ocean; connected with the sea by site, interest, or power; having shipping and commerce or a navy; as, maritime states. "A maritime town." --Addison. [1913 Webster +PJC] 2. Of or pertaining to the ocean; marine; pertaining to navigation and naval affairs, or to shipping and commerce by sea. "Maritime service." --Sir H. Wotton. [1913 Webster] Maritime law. See Law. Maritime loan, a loan secured by bottomry or respodentia bonds. Martime nations, nations having seaports, and using the sea more or less for war or commerce. [1913 Webster] Maritime provinces
Bouvier's Law Dictionary, Revised 6th Ed (1856):

MARITIME LOAN. A contract or agreement by which one, who is the lender, lends to another, who is the borrower, a certain sum of money, upon condition that if the thing upon which the loan has been made, should be lost by any peril of the sea, or vis major, the lender shall not be repaid, unless what remains shall be equal to the sum borrowed; and if the thing arrive in safety, or in case it shall not have been injured, but by its own defects or the fault of the master or mariners, the borrower shall be bound to return the sum borrowed, together with a certain sum agreed upon as the price of the hazard incurred. Emer. Mar. Loans, c. 1, s. 2; Poth. h.t. Vide Bottomry; Gross Adventure; Interest, maritime; Respondentia.