The DICT Development Group
2 definitions found
for Maritime loan
From 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
[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.
Maritime law. See Law.
Maritime loan, a loan secured by bottomry or respodentia
Martime nations, nations having seaports, and using the sea
more or less for war or commerce.
[1913 Webster] Maritime provinces
From 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.
Contactemail@example.com Specification=RFC 2229