maritime hypothec
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maritime hypothecation — noun see maritime hypothec … Useful english dictionary
hypothec — a security over moveable property that permits the borrower to retain possession. A hypothec is equivalent to a charge and is employed in international trading transactions. A letter of hypothecation is a letter addressed to a bank giving details … Law dictionary
maritime lien — noun : the right of one having a recognized claim under maritime law against a ship or its cargo (as for services or supplies or for damages caused by collision) to require an admiralty court to seize the ship or other described property and… … Useful english dictionary
tacit hypothec — noun or tacit hypothecation : maritime lien … Useful english dictionary
Security interest — A security interest is a property interest created by agreement or by operation of law over assets to secure the performance of an obligation, usually the payment of a debt.[1] It gives the beneficiary of the security interest certain… … Wikipedia
bottomry — bot·tom·ry / bä təm rē/ n [alteration of earlier bottomary, modification of Dutch bodemerij, from bodem bottom, hull, ship]: a contract under which the owner of a ship pledges the ship as collateral for a loan to finance a journey money lent on… … Law dictionary
respondentia — re·spon·den·tia /ˌrē ˌspän den chē ə/ n [New Latin, from Latin respondent respondens, present participle of respondere to answer, correspond; from the fact that the loan is only a personal obligation on the part of the borrower who must “answer”… … Law dictionary
hypotheca — /haypaӨiyka, hipa /. Hypotheca was a term of the Roman law, and denoted a pledge or mortgage. As distinguished from the term pignus, in the same law, it denoted a mortgage, whether of lands or of goods, in which the subject in pledge remained in… … Black's law dictionary
hypotheca — /haypaӨiyka, hipa /. Hypotheca was a term of the Roman law, and denoted a pledge or mortgage. As distinguished from the term pignus, in the same law, it denoted a mortgage, whether of lands or of goods, in which the subject in pledge remained in… … Black's law dictionary
